Share this article
Chainlink's LINK Gains as DigiFT, UBS Fund Tokenization Pilot in Hong Kong
DigiFT, Chainlink and UBS won approval under Hong Kong’s Cyberport subsidiy scheme to build automated infrastructure for tokenized financial products.
Updated Sep 11, 2025, 1:06 p.m. Published Sep 11, 2025, 12:55 p.m.
Make us preferred on Google
What to know:
- Chainlink's LINK token rose 2.5% crossing $24 following a collaboration with DigiFT and UBS to automate tokenized fund operations in Hong Kong.
- The partnership received approval under Hong Kong's Cyberport Blockchain and Digital Asset Pilot Subsidy Scheme to develop infrastructure for tokenized financial products.
- Chainlink also launched its Cross-Chain Interoperability Protocol on the Aptos blockchain, enhancing connectivity for decentralized finance applications.
Chainlink native token LINK crossed $24, advancing 2.5% on Thursday as the oracle provider revealed a joint project with DigiFT and UBS to automate tokenized fund operations in Hong Kong.
The three firms secured an approval under Hong Kong’s Cyberport Blockchain and Digital Asset Pilot Subsidy Scheme to build automated infrastructure for tokenized financial products, according to a Thursday press release.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The partners plan to streamline how tokenized funds are distributed, settled and managed throughout their lifecycle. Today, those processes often involve manual paperwork that slows transactions and increases the risk of error. By shifting these steps to smart contracts, the project aims to cut costs and standardize fund operations.
Under the system, investors place orders for UBS’s tokenized products through DigiFT’s regulated distributor smart contracts. Chainlink’s Digital Transfer Agent framework then processes the transactions and records them onchain, which in turn triggers issuance or redemption on UBS’s token contracts.
In other recent news, Chainlink also introduced its Cross-Chain Interoperability Protocol to the Aptos blockchain, expanding enterprise-grade connectivity solutions for decentralized finance applications and corporate treasury management.
Technical Analysis
- Chainlink's LINK has demonstrated a strong technical recovery following its 20% since mid-August, CoinDesk Research's technical analysis model said.
- Volume-based support established at $23.60 level following the breakout, confirmed by sustained buying interest.
- The token outperformed the broader crypto market benchmark CoinDesk 20, which advanced 1.5% gain during the same period.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
Struggling Coinbase gets price target cut from JPMorgan ahead of Thursday earnings
Shares of COIN are down nearly 30% this year, with analysts warning that softer trading and crypto prices are likely to weigh on revenue.
What to know:
- JPMorgan cut its December 2026 price target on Coinbase to $290 from $399 ahead of fourth-quarter earnings, citing weaker crypto trading volumes, softer prices and slower USDC growth.
- The bank still rates Coinbase Overweight, but projects a sharp sequential drop in earnings and EBITDA, even after factoring in a full quarter of revenue from the Deribit derivatives acquisition.
- Other firms, including Barclays and Compass Point, are more cautious or bearish, warning that retail trading, blockchain rewards and subscription and services revenue may miss expectations and remain closely tied to overall crypto prices.
Top Stories
