Chainlink has launched the Automated Compliance Engine (ACE), a compliance solution for on-chain digital assets spanning both traditional and decentralized finance (DeFi). The development involved collaborating with fund administrator Apex Group, identity organization GLEIF and the ERC-3643 Association, which governs the security token standard.
“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,” said Zion Hilelly, Chief Product Officer of Apex Group. The fund administrator’s position in this space was strengthened by its recent acquisition of Tokeny, the original developer of the ERC-3643 standard.
The framework aims to address fragmented compliance processes that currently burden institutional investors. It incorporates GLEIF’s digital identities into its identity framework, which is designed to be privacy preserving. Additionally, it includes rules based compliance that also supports cross chain settlement.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
