Chainlink Launches ACE to Simplify Crypto Compliance
Chainlink, a leading decentralized oracle network, has introduced the Automated Compliance Engine (ACE). This tool streamlines regulatory compliance for both traditional and decentralized finance (DeFi) systems, potentially unlocking $100 trillion in institutional capital for the cryptocurrency market by reducing compliance costs.
How ACE Enhances Compliance
ACE provides a modular framework for managing regulatory compliance, featuring:
- Reusable digital identities
- Automated policy enforcement
- Cross-chain compliant asset settlement
Developed in collaboration with Apex Group, GLEIF, and the ERC-3643 Association, ACE aims to make compliance processes faster and more cost-effective.
Expert Insights on ACE
“ACE is the compliance standard the tokenized economy has been waiting for,” said Sergey Nazarov, co-founder of Chainlink. Alexandre Kech, CEO of GLEIF, noted, “It significantly enhances trust and interoperability in blockchain ecosystems.”
Impact on Institutional Capital
By enabling reusable compliance logic, ACE reduces onboarding costs and operational complexities, marking a pivotal step toward integrating institutional capital into the blockchain economy.
