Double Asymptotic for Random Walks on Hypercubes

We consider the sum of the coordinates of a simple random walk on the K-dimensional hypercube and prove a double asymptotic of this process, as both the time parameter n and the space parameter K tend to infinity. Depending on the asymptotic ratio of the two parameters, the rescaled processes converge toward either a "stationary Brownian motion," an Ornstein-Uhlenbeck process or a Gaussian white noise.