Hassan Maishera
On Monday, the Chainlink team announced via X that it has launched the Automated Compliance Engine (ACE). ACE is a unified and modular standard to solve all onchain compliance problems and bring institutional capital onchain.
ACE is built on the Chainlink Runtime Environment (CRE) & launched in collaboration with leading market participants, ERC3643, Apex Global, and Global Legal Entity Identifier.
Chainlink ACE enables the creation of compliance-focused digital assets and services across public and private blockchains. It also supports a wide range of compliance-focused use cases, including automated compliance policies, reusable digital identities, regulated asset usage in DeFi protocols, pre-transaction eligibility checks, cross-chain collateralized loans, settlement with regulated assets, and more.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is down 2.5% over the past 24 hours, trading at $13.37 at press time.
