Chainlink has launched its Automated Compliance Engine (ACE), a compliance tool designed to unlock over $100 trillion in institutional capital for the cryptocurrency sector. This new framework aims to streamline regulatory compliance in both traditional and blockchain environments, enabling features like automated policy enforcement and crosschain compliant transactions. With ACE currently in early access for select institutions, Chainlink hopes it will lead to substantial cost reductions in compliance processes, which have traditionally been fragmented and costly. In the U.S. and Canada, financial crime compliance was estimated to exceed $60 billion in 2023. Chainlink co-founder Sergey Nazarov emphasized that using ACE will make digital asset compliance more efficient and cost-effective compared to existing methods. The launch also aligns with collaborations with various market participants, highlighting its potential to transform compliance in the tokenized asset economy.

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