- ChainLink introduced the Automated Compliance Engine (ACE) for digital asset compliance.
- The tool supports both traditional finance and decentralized finance markets.
- Key partners include Apex Group, GLEIF, and the ERC-3643 Association.
- ACE integrates privacy-focused digital identity features and rules-based compliance.
- Chainlink continues expanding in institutional finance through broader blockchain integration.
Chainlink has launched its Automated Compliance Engine (ACE), a new solution designed to help manage rules and identity checks for digital assets on blockchains. The launch involves working with Apex Group, GLEIF (an identity provider), and the ERC-3643 Association, which supervises a specific security token standard.
According to officials, ACE seeks to streamline compliance tasks for digital assets used in both the traditional finance sector and decentralized finance (DeFi). Apex Group recently strengthened its role by acquiring Tokeny, the original developer of the ERC-3643 token standard. Zion Hilelly, Chief Product Officer at Apex Group, said, “Chainlink’s technology, combined with our existing tokenisation and on-chain finance capabilities, will set the standard for compliance on DLT. We are bridging key compliance requirements with seamless blockchain execution.”
The ACE framework uses digital identities from GLEIF within its identity system, aiming to protect user privacy. It also features rules-based compliance technology, which supports transactions across different blockchains, known as cross-chain settlement.
This move shows Chainlink’s growing position in financial services and its effort to connect traditional and decentralized financial environments. The company began by creating a decentralized network, called an oracle, to connect blockchain with real-world data. Its second major tool, the Cross-Chain Interoperability Protocol (CCIP), is currently in testing with organizations such as Swift and DTCC.
The company’s associated cryptocurrency token now holds a market value close to $9 billion. The partnership signals a larger trend of traditional financial institutions working together with blockchain-focused companies on industry standards.
For more information, see the official Chainlink release.
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