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Chainlink Labs, UBS Asset Management, and DigiFT have joined forces to revolutionize fund management through blockchain automation. The collaboration, backed by Hong Kong’s Cyberport program, aims to create a compliant framework for tokenized financial products. This initiative could significantly reduce operational costs and errors in the $132 trillion global asset management sector.
- Leverages UBS's proprietary Tokenize platform and Chainlink's Digital Transfer Agent for automated, on-chain transaction validation
- Operates within Hong Kong's regulatory sandbox under the Cyberport program, ensuring compliance while pioneering Web3 innovation
- Aims to transform the $132 trillion asset management industry by reducing operational costs and errors through smart contract automation
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Other Tags: Blockchain, Chainlink Labs, Web3