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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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Chainlink releases ACE Compliance Engine, providing cross-chain compliance solutions.
Gate News bot message, PANews reported on June 30 that Chainlink officially launched the automated compliance engine (ACE) this Monday, according to Cointelegraph. This engine has built a modular and standardized framework for regulatory compliance management between TradFi and Decentralized Finance systems.
The ACE engine has multiple functions, including the creation of compliance-oriented digital assets and services on public and private blockchain networks, enabling the reuse of digital identities, executing automated strategies, supporting cross-chain digital asset settlement, and using regulated assets in DeFi.
According to Chainlink's announcement, ACE has currently opened early access to some institutions, expecting to release $1 trillion in new capital into the blockchain economy.