The new compliance solution may cut billions in compliance costs for institutions looking to invest in the crypto economy.
Chainlink, a decentralized blockchain oracle network for crosschain communication, launched a compliance framework aimed at unlocking over $100 trillion worth of institutional investor capital for the cryptocurrency space.
The decentralized oracle network announced the release of its Automated Compliance Engine (ACE) on Monday. The system provides a modular and standardized framework for managing regulatory compliance across both traditional and decentralized finance (DeFi) systems.
Chainlink said the new standard will allow the creation of compliance-focused digital assets and services across public and private blockchain networks, including reusable digital identities, automated policy enforcement, crosschain compliant digital asset settlement and regulated asset usage in DeFi.
