Chainlink, a distinguished decentralized oracle ecosystem providing real-world knowledge for blockchain-based sensible contracts, has partnered with Swift and GLEIF. The partnership focuses on launching vLEI Hackathon, catalyzing the regulatory-compliant blockchain-related options through the use of Chainlink’s cutting-edge Automated Compliance Engine (ACE) and verifiable Authorized Entity Identifier (vLEI) mechanism of GLEIF. The platform revealed the main points of this improvement in a latest social media submit shared on X.
We’re excited to collaborate with @GLEIF for the vLEI Hackathon alongside Swift (@swiftcommunity) to speed up the worldwide adoption of compliant digital property onchain.https://t.co/jO17Zrlqjc
With tons of of trillions in worth poised to maneuver onchain, digital property are… pic.twitter.com/M33mNadowd
— Chainlink (@chainlink) July 14, 2025
Chainlink Companions with Swift and GLEIF, Launching vLEI Hackathon to Fortify Compliant Belongings
As part of the collaboration with Swift and GLEIF, Chainlink intends to advertise compliant property on-chain. Swift is an open customary for the availability of economic data for monetary companies. Moreover, GLEIF is a not-for-profit platform to handle the worldwide Authorized Entity Identifier mechanism. The aim of the partnership with these two entities is to conduct the vLEI Hackathon. The respective endeavor makes an attempt to catalyze the environment friendly blockchain options which might be regulatory-compliant.
On this respect, this improvement makes use of the newly launched Automated Compliance Engine (ACE) of Chainlink and verifiable Authorized Entity Identifier (vLEI) mechanism of GLEIF. At current, institutional momentum is slowed down by the regulatory hindrances coping with id verification, Anti-Cash Laundering (AML), and Know Your Buyer (KYC) laws. Therefore, with this partnership, Chainlink endeavors to resolve the respective bottleneck. For that function, it embeds dependable authorized institutional identities into blockchain mechanisms ecosystems by means of vLEIs.
The Chainlink ACE discussion board gives privacy-preserving and modular resolution that hyperlinks the current monetary compliance mechanisms with the blockchain. Along with this, it additionally allows coverage enforcement in actual time, whereas securing id administration, parallel to dynamic compliance observing on personal and public blockchains. The important thing goal of this platform is to develop on-chain purposes embedding compliance and id. Aside from that, members can be permitted to develop options that fulfill regulatory wants whereas permitting seamless interplay throughout various digital asset platforms.
Expediting Blockchain Innovation by Selling Compliant Asset Transfers on-chain
In line with Chainlink, the vLEI Hackathon takes under consideration the tokenized monetary property’ rising demand. Thus, with this initiative, vLEIs and Chainlink ship the premise for compliant transfers of digital property throughout the globe. Furthermore, the hackathon additionally underscores a noteworthy transfer to unlock institutional capital. It boosts blockchain innovation.
