Dr. Adrian Cheng, a leading
Hong Kong-based blockchain
investor, entrepreneur, and the Chairman and Non-Executive Director
of Arta TechFin, implements his vision in bringing greater
efficiency, transparency, and accessibility to real-world assets
via Arta TechFin and the Chainlink platform.
SAN
FRANCISCO and HONG
KONG, May 21, 2024 /PRNewswire/ -- Arta
TechFin (ARTA, HKSE: 0279), operating regulated financial
institutions and leading blockchain developments via its
subsidiaries, and Chainlink Labs, the primary contributing
developer of Chainlink—the essential infrastructure for the
tokenized asset economy—announced today they are expanding their
digital asset collaboration and developing a strategic partnership
for blockchain-based solutions. The collaboration will expand upon
pre-existing fund tokenization efforts and enable ARTA's use of
Chainlink services with respect to stablecoin issuance, real estate token issuance, and
additional verticals. ARTA plans to integrate and leverage a full
suite of Chainlink services to provide a wide range of innovative
tokenized real-world asset products and services to asset owners
and regulated financial institutions.
The upcoming partnership brings a much-needed market standard
for originating, distributing, trading, and keeping custody of
tokenized assets. The ARTA-Chainlink solution aims to bring a wide
variety of key asset data onchain and across different blockchains
to unlock novel tokenized real estate and stablecoin use cases. This partnership will help meet the
needs of asset owners and financial institutions in Hong Kong and abroad that are seeking greater
levels of accessibility to the digital asset space for their
clients.
"We're excited about expanding the work that we're doing with
both ARTA and Dr. Adrian Cheng,"
said Sergey Nazarov, Co-Founder of
Chainlink. "Hong Kong continues to
show itself as a key hub for digital asset innovation, where we're
seeing cutting-edge implementations from firms like ARTA for the
improvement and greater evolution of the blockchain space in
general."
"We are delighted to deepen our strategic partnership with
Chainlink Labs to effect a revolutionary transformation of our
best-in-class financial products and services. Our joint effort
aims to satisfy market scarcity for an end-to-end solution that
addresses pain points from off-chain primary origination and
secondary trading to enhanced product integrity," said Eddie Lau, CEO of Arta Global Market Limited, a
wholly owned subsidiary of ARTA, offering a hybrid of traditional
and blockchain financial services in brokerage, asset management,
and custody.
In November 2023, ARTA announced
that it was developing regulated, interoperable fund tokens on
major chains and was collaborating with Chainlink Labs to use
Chainlink services to help deliver fiat-based investment returns
for ARTA clients, subject to relevant regulatory approval.
This partnership is another marker of Hong Kong's prominence as a leading digital
asset hub, along with the recent announcements of spot Bitcoin and Ethereum ETFs. Given the high demand seen with fund
tokenization, ARTA is now extending the collaboration with
Chainlink Labs to bring more offerings to financial entities and
large enterprises.
About Arta TechFin Corporation Limited
Arta TechFin
(0279.HK) is a Hong Kong-based
financial services platform. ARTA offers customized and
exclusive financial management solutions for diverse customers'
needs. We strive to empower our valued clients to realize their
financial objectives with exceptional results.
Arta TechFin, through its various subsidiaries, are licensed
under Hong Kong Securities and Futures Commission for brokerage and
asset management services. Other licenses include Hong Kong
Stock Exchange participant, insurance brokerage license, trustee
license and money lending license in Hong
Kong as well as Eurex Exchange and Chicago Mercantile
Exchange participants.
About Chainlink Labs
Chainlink Labs is the primary
contributing developer of Chainlink, the leading technology
platform for onchain data, cross-chain interoperability, and
blockchain abstraction. The Chainlink platform enables financial
institutions to develop customized, compliant, and future-proof
blockchain applications and tokenized assets. Chainlink can power
tokenized assets throughout their entire lifecycle, enriching them
with real-world data (e.g., NAV, proof of reserves), providing
secure interoperability between any private or public blockchain to
increase liquidity, and synchronizing asset data between
blockchains and existing systems to maintain a unified golden
record.
Chainlink has securely enabled over $10.5
trillion in transaction value and delivered more than 12
billion onchain data points across the blockchain ecosystem. Major
market infrastructure providers and institutional banks such as
Swift, ANZ, and many others have collaborated with Chainlink to
successfully demonstrate how financial institutions can use
existing infrastructure and messaging standards to interact with
tokenized assets across any blockchain.
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SOURCE Chainlink Labs and Arta TechFin