At @sgfintechfest, @SBI_DAH Digital Markets, @UBS Asset Management, and #Chainlink announced a novel automated tokenized fund management solution.

🔗 Full Announcement: https://t.co/pnDXbTlXJ8

Launched as part of @MAS_SG’s Project Guardian, the solution leverages tokenization, smart contracts, and Chainlink infrastructure to show how fund managers can efficiently scale their funds across any chain and distributor.

The solution highlighted how existing systems that are already widely used for fund administration can be successfully made compatible with tokenized funds through the use of Chainlink infrastructure.

A key component of this new fund administration model is the Digital Transfer Agent (DTA) smart contract, which is made possible by utilizing multiple Chainlink oracle networks, and was deployed by SBIDM (custodian and fund distributor).

While the UBS tokenized fund operates on Ethereum, Chainlink CCIP enabled subscriptions/redemptions to occur seamlessly across multiple chains where fund tokens are deployed.

Benefits to fund management include enhanced efficiencies, decreased costs, reduced manual communication from fund distributors to fund issuers, as well as higher levels of security and transparency for investors.

The solution is live on multiple blockchain testnets and is expected to go to blockchain mainnet.