“Digift, Chainlink and UBS Won Approval Under Hong Kong’s Cyberport Subsidiy Scheme to Build Automated Infrastructure for Tokenized Financial Products.”, – WRITE: www.coindesk.com
The Three Firms Secured An Approval Under Hong Kong’s Cyberport Blockchain and Digital Asset Pilot Subsidy Scheme to Build Automated Infrastructure for Tokordect. Release.
The Partners Plan to Streamline How Tokenized Funds Are Distributed, Settled and Managed Througout their Lifecycle. Today, Those Processes Often Involve Manual Paperwork that Slows Transactions and Increases The Risk of Error. By Shifting the Tese 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 Ten Processes the Transactions and Records of Them Onchain, Which in Turn Trigggers Issuance or Redemption on Ubs’s Token Contractors.
In Other Recent News, Chainlink Also Introduced ITS Cross-CHAIN INTEPERAPERACTION PROTOCOL TO THE APTOS Apt$ 4,5303 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-Basted Support Establized at $ 23.60 Level Following the Breakout, ConfirMed by Sustaned Buying Interest.
- The Token OutperForred 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 Review by Our Editorial Team to Enseure Accucy and Adherence to Our Standards. For more information, See Coindesk’s Full Ai Policy.
Traders Are Closely Monitoring Xrp’s Ability to Maintain Levels Above $ 3.05 and The Potential Impact of Rising Exchange Reserves on Distribution Pressure.
- XRP ExperienCed A Significant Volume Increase on September 11, Driven by Institutional Inflows, Leading to A 1.85% Price Gain.
- Ripple’s Partnership with Bbva Under the EU’s Mica Framework Enhances Institutional Legitimacy and May Support Price Stability.
- Traders Are Closely Monitoring Xrp’s Ability to Maintain Levels Above $ 3.05 and The Potential Impact of Rising Exchange Reserves on Distribution Pressure.
Read Full Story