We’re excited to collaborate with @GLEIF for the vLEI Hackathon alongside Swift (@swiftcommunity) to accelerate the global adoption of compliant digital assets onchain.

https://t.co/VWZRDEC4Fk

With hundreds of trillions in value poised to move onchain, digital assets are transforming global finance. However, institutional adoption has been held back by challenges in meeting KYC, AML, and sanctions screening requirements when transacting onchain. Chainlink and GLEIF solve this problem by bringing trusted identity data onchain through the Chainlink Automated Compliance Engine (ACE) and GLEIF’s vLEI framework.

Delivering GLEIF’s vLEI credentials to blockchains and linking them to the onchain wallets of institutions overcomes critical investor identification and KYC/AML challenges when transacting onchain, enabling the creation of digital asset solutions that meet the rigorous regulatory requirements of capital markets.

Explore how GLEIF and other industry leaders are accelerating digital asset innovation with ACE:

https://t.co/rZsgzWg6ms

By embedding trusted identity into digital asset workflows, hackathon participants can leverage Chainlink to build regulatory-compliant applications that scale onchain finance globally.