Chainlink launches new compliance framework for cross-chain bonds, price eyes $13.50

Chainlink has advanced its institutional presence with the introduction of a compliance framework designed to bring on-chain bond issuance in line with SWIFT standards. This initiative leverages the Cross-Chain Interoperability Protocol (CCIP), Automated Compliance Engine (ACE), and Data Streams, aiming to streamline cross-chain compliance for tokenized bonds across various blockchains. Apex Global Group, TREX Network, and ERC3643, known for their work in digital assets and blockchain networks, have deployed Chainlink’s compliance framework within their platforms. This partnership seeks to bridge the gap between traditional financial requirements and decentralized infrastructure by ensuring that tokenized bonds can seamlessly meet regulatory obligations across multiple chains without duplicating compliance protocols for each network. By integrating SWIFT standards into blockchain-based issuance, Chainlink’s solution aims to facilitate asset servicing, interoperability, and programmable compliance.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.