Hong Kong-listed company Yucheng Technology announced a partnership with Chainlink Labs to develop cross-chain fund tokens

2023-11-02 21:35:07

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ChainCatcher news, according to the Hong Kong Economic Journal, Hong Kong real estate tycoon and Chow Tai Fook family wealth heir Zheng Zhigang's publicly listed company, Yu Cheng Ke Jin, announced that it has partnered with Chainlink Labs to develop cross-chain fund tokens. Through Chainlink's proof of reserves and Cross-Chain Interoperability Protocol (CCIP), investors subscribing to the cross-chain fund tokens can remain within their original blockchain communities while obtaining fiat-generated investment returns through Yu Cheng Ke Jin's investment platform.

It is reported that after obtaining the necessary regulatory approvals, Yu Cheng Ke Jin's subsidiary Yu Cheng Global and its globally licensed partners may become placement agents and fund managers for this product and other financial products based on distributed ledger technology.

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