DigiFT, UBS and Chainlink automate tokenised fund subscription and redemption under Hong Kong Cyberport's pilot subsidy scheme
EV-071 · DigiFT / UBS / Hong Kong Cyberport · 2025-09-11 · Evidence class: pilot · Confidence 92%
DigiFT, UBS Tokenize, Chainlink — SFC- and MAS-licensed exchange; global asset manager; Hong Kong government-owned technology flagship
In plain English
In plain terms: buying into or cashing out of a fund normally involves a transfer agent — the record keeper who confirms who owns what. DigiFT, UBS and Chainlink built a version where that record keeping happens automatically onchain: an investor places the request through DigiFT, Chainlink's software checks and records it, and UBS's fund contracts then issue or redeem the units. Hong Kong's government-owned Cyberport approved and subsidised the project.
Detail
Evidence class: PILOT. DigiFT, UBS and Chainlink received approval under Hong Kong Cyberport's Blockchain & Digital Asset Pilot Subsidy Scheme for a project automating the subscription and redemption lifecycle of tokenised funds. Workflow as described: 1. Investors submit subscription or redemption requests for UBS tokenised products through DigiFT's smart contracts. 2. Those instructions are processed by Chainlink Digital Transfer Agent (DTA) contracts, which verify the orders and record them onchain. 3. Processed orders trigger issuance, redemption and other lifecycle events on UBS's tokenised product contracts, which follow Capital Markets Technology Association (CMTA) token standards. The DTA standard is built on Chainlink Runtime Environment (CRE) and is described as a framework allowing transfer agents and fund administrators to migrate core processes onchain while maintaining existing regulatory compliance. Participants: • DigiFT — dual-licensed exchange operating under both Singapore and Hong Kong jurisdictions, licensed by the Hong Kong Securities and Futures Commission • UBS Tokenize — UBS's tokenisation arm; UBS manages assets stated at $5.9tn • Cyberport — Hong Kong SAR Government-owned technology flagship, administering the subsidy scheme Status note: by November 2025 the workflow was being described in coverage as in-production tokenised fund automation rather than as a sandbox test. That progression is worth verifying against a DigiFT or UBS publication before relying on it. Boundary of this entry: approval under a subsidy scheme is not the same as regulatory endorsement of the product, and Cyberport's scheme is explicitly a sandbox for testing ideas for future implementation.
Why it matters
Documents Chainlink infrastructure positioned in the transfer agency layer of fund operations — the record-keeping function that determines who owns what and when — rather than in pricing or messaging. That is a more consequential position in the fund lifecycle than an oracle feed, and it involves a licensed exchange and a global asset manager under a government-administered scheme. It also gives this database its first Digital Transfer Agent entry, and one of its earliest CRE deployments.
Primary source: Cointelegraph and CoinDesk reporting of 11 September 2025, based on the joint press release from DigiFT, UBS and Chainlink
Verified — joint press release of 11 Sep 2025 reported by CoinDesk, Cointelegraph and CoinCentral; Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme independently documented
Topics: DigiFT, UBS, Hong Kong, Cyberport, CRE, Digital Transfer Agent, Tokenized Funds, SFC, Singapore, CMTA, Asia
