Blockchain oracle provider Chainlink and UBS Group, which manages $5.9 trillion in assets, have partnered with DigiFT to conduct a pilot study aimed at automating real-world asset tokenization funds. According to these companies, this functionality can eliminate human errors.
If successful, the study could impact RWA tokenization in the Hong Kong region.
According to the announcement, the three institutions are "developing a regulated blockchain-based infrastructure designed to automate and simplify the distribution, settlement, and lifecycle management of tokenized products."
The study is part of the Hong Kong Digital Port's blockchain and digital asset pilot funding program, which is a sandbox for testing new cryptocurrency ideas for future implementation in the Hong Kong region.
According to the project workflow, investors first submit subscription or redemption requests for UBS tokenized products through DigiFT's smart contracts. These instructions are then processed by Chainlink's digital transfer agent contract, which serves as the infrastructure layer to verify orders and record them directly on-chain.
Once processing is complete, the orders trigger corresponding issuance, redemption, and other lifecycle events on the UBS tokenized product contract, which reportedly adheres to the Capital Markets Technology Association (CMTA) token standard, a framework developed in Switzerland for coordinating digital securities issuance.
Other cryptocurrency ideas being considered by the Digital Port include decentralized identity, payments, and stablecoins, as well as blockchain for social innovation and digital experiences.
Unlike mainland China, the Hong Kong region has a clear regulatory framework for digital assets. However, it is still subject to Chinese rules, such as the reportedly upcoming cryptocurrency restrictions on Chinese companies operating in the region.
DigiFT, an exchange specializing in tokenized assets, is providing feedback to assess whether the technological implementation meets the compliance and interoperability requirements of financial institutions in the region.
Manual reconciliation and adjustments of funds can lead to tracking errors or situations where the fund value does not equal the underlying asset value.
The trend towards automating RWA tokenized funds includes the integration of decentralized finance and yield generation. As automation can enhance efficiency, implementing automation can reduce costs, thereby providing fund operators with more revenue or passing savings on to investors.
As institutions enter the cryptocurrency space and cryptocurrency exchanges venture into traditional finance, RWA tokenization gained momentum in 2025. During the 30-day period ending August 29, tokenized institutional alternative funds surged 47% to $1.74 billion, with the overall RWA tokenization market cap showing a generally upward trend in 2025.
According to CoinGecko data, as of the time of writing, the market cap of all real-world asset tokens (including protocols and tokenized assets) has reached $66 billion. This figure has increased by 1.8% in the past 24 hours.
Traditional financial institutions and cryptocurrency exchanges have achieved cross-integration in the field of real-world asset tokenization. BlackRock and Franklin Templeton have funds backed by U.S. Treasury bonds, while Kraken and Bybit have explored tokenized stocks.
Related: Caixin: Chinese companies' stablecoin operations in Hong Kong may face restrictions
Original article: “Chainlink, UBS, and DigiFT Launch RWA Fund Automation Pilot in Hong Kong”
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