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Arta TechFin And Chainlink Labs To Expand Digital Asset Collaboration

Last November, Hong Kong-based financial services institution Arta TechFin (ARTA) announced its collaboration with Chainlink Labs, the primary contributing developer of Chainlink, to help bring cross-chain interoperability and transparency to its fund tokens using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Proof of Reserve. Today, ARTA announced the expansion of its collaboration with Chainlink Labs including a strategic partnership for developing blockchain-based solutions.

Chainlink’s oracle infrastructure has delivered more than 12 billion data points onchain and enabled over $10.5 trillion in transaction value throughout the web3 economy. As the industry-standard decentralized computing platform, Chainlink provides a comprehensive set of oracle services that are critical for creating and securing tokenized real-world assets and stablecoins capable of scaling onchain finance to billions of global users.

ARTA plans to leverage Chainlink’s full suite of oracle services to unlock solutions for stablecoin and real estate token issuance while innovating new tokenized products and services for asset owners and regulated financial institutions.

The collaboration is spearheaded by ARTA’s Chairman and Non-Executive Director, Dr. Adrian Cheng, a leading Hong Kong-based blockchain investor and entrepreneur whose vision is to bring “greater efficiency, transparency, and accessibility to real-world assets” via Arta TechFin and Chainlink.

“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,” said Eddie Lau, CEO of Arta Global Market Limited, a wholly owned subsidiary of ARTA. “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.” 

“We’re excited about expanding the work that we’re doing with both ARTA and Dr. Adrian Cheng,” said Chainlink co-founder Sergey Nazarov. “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.”

During last year’s SmartCon, Chainlink’s premier web3 conference, Joseph Chan, Undersecretary for Financial Services and the Treasury for the government of Hong Kong, underscored the city’s commitment to leading web3 adoption through innovative policies and Chainlink’s critical infrastructure. The Hong Kong Tourism Board and InvestHK, a government agency responsible for attracting foreign direct investment, both campaigned to bring SmartCon to Hong Kong in 2024, furthering the city’s push to become a global crypto destination. 

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