Hong Kong has introduced a tokenized securities framework with technical backing from Chainlink, a move aimed at standardizing the issuance, distribution and settlement processes for tokenized securities. Cyberport, Apex Group and licensed broker CSpro are participating, according to CoinDesk. The framework uses blockchain technology to improve standardization and transparency, with Chainlink providing oracle and cross-chain interoperability support to bridge traditional financial assets and the blockchain ecosystem.
Hong Kong Launches Chainlink-Backed Tokenized Securities Framework
Hong Kong has rolled out a tokenized securities framework supported by Chainlink, with the goal of standardizing how tokenized securities are issued, distributed and settled. Cyberport, Apex Group and licensed broker CSpro are among the institutions taking part, according to CoinDesk.
The framework introduces blockchain technology to bring greater standardization and transparency to the security tokenization business. Chainlink will provide oracle and cross-chain interoperability services, supporting the integration of traditional financial assets into the blockchain ecosystem.
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