Core Insights - A collaboration between Chainlink Labs, UBS Asset Management, and DigiFT aims to transform the creation and management of investment funds through an automated framework for tokenized products under Hong Kong's Cyberport program [1][2] Group 1: Project Overview - The initiative is part of the Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme, which is a government-backed effort to promote Web3 experimentation in Hong Kong [2] - The project seeks to replace manual processes in fund operations with blockchain-based automation, potentially reducing errors, streamlining transfers, and lowering costs in the $132 trillion global asset management sector [3] Group 2: Technological Contributions - UBS will provide its proprietary UBS Tokenize platform, while Chainlink will contribute its Digital Transfer Agent for validating and recording transactions on-chain [4] - DigiFT will offer a regulated distribution channel, enabling investors to place orders and withdrawals through smart contracts that automatically execute required actions on UBS's tokenized funds [4] Group 3: Industry Impact - The project is viewed as a landmark for the industry, showcasing how fund issuance and lifecycle management can be automated while remaining compliant and transparent within Hong Kong's financial system [5] - If successful, this collaboration could expedite the transition of tokenized financial products from pilot programs to mainstream investment offerings [6]