Hassan Maishera
Chainlink announced via X on Wednesday that it has partnered with the Apex Group to create an institutional-grade stablecoin infrastructure solution supporting the Bermuda Monetary Authority’s embedded supervision initiative.
Conducted in collaboration with the Bermuda Monetary Authority as part of its Innovation Hub, the solution enables a unified, compliance-forward, institutional-grade stablecoin framework powered by the Chainlink Cross-Chain Interoperability Protocol (CCIP), Automated Compliance Engine (ACE), and Proof of Reserve.
In the solution, Chainlink serves as the official, trusted infrastructure enabling regulated asset issuers, through its full-stack oracle platform:
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Enabling seamless cross-chain interoperability with zero-slippage transfers through the Cross-Chain Token (CCT) standard powered by CCIP.
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Using the Automated Compliance Engine (ACE) to enforce Bermuda-specific regulatory and operational policies directly onchain.
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Posting real-time reserve data onchain via Chainlink Proof of Reserve, providing continuous visibility into the stablecoin’s underlying collateral.
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Securing onchain issuance via Secure Mint to mitigate against infinite mint attacks by validating reserves before new supply is minted.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 0.4% over the past 24 hours and is trading at $14.90 at press time.
