Chainlink native token LINK (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.

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 U

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