So, apparently, these blockchain whizz kids are about to make TradFi look like your grandma trying to use TikTok. 👵 They’re saying blockchain-y investment stuff and compliance tools will be like, ten times faster and cheaper. 🤯 Like, hello, financial institutions, are you even listening?
Turns out, all those old-school compliance things are a total pain in the arse. 😫 They’re slow, expensive, and basically just a giant money pit. Billions of dollars, gone! Poof! 💨
Chainlink’s Sergey Nazarov, who’s basically the Beyoncé of blockchain, spilled the tea at some fancy summit in Cannes. He was all, “Compliance in TradFi is a hot mess, everyone hates it. Especially that whole identity verification thing, AML and KYC, ugh. 🤢 We can do it ten times faster and cheaper, easy peasy.”
He reckons this could unlock a ton of cash for blockchain. Think of it like a dam breaking, but instead of water, it’s money. 💰💰💰
Chainlink’s Got a Magic Wand (It’s Called ACE)
Chainlink just dropped this thing called the Automated Compliance Engine (ACE). It’s like a compliance superhero, swooping in to save the day (and your wallet). 🦸♀️ It’s supposed to make everything super smooth and compliant, whether you’re dealing with traditional finance or DeFi.
They’re letting some lucky institutions try it out first, and they’re saying it could unlock a whopping $100 trillion in new capital for the blockchain world. That’s a lot of zeros! 🤑
Apparently, fighting financial crime cost US and Canadian institutions a cool $60 billion in 2023. That’s enough to buy a lot of avocado toast. 🥑🍞
Real-World Assets: The New Black (or Bitcoin?)
Get this: blockchain could actually make investing in stuff like stocks and commodities cheaper. 🤯 It’s all thanks to this thing called tokenization, which basically turns real-world assets into digital tokens. Think of it like Pokémon cards, but for your investments.
Nazarov reckons this could be a game-changer for institutions. He’s all, “If compliance and all that jazz is 5 to 10 times cheaper on the blockchain, that’s a massive win.”
“If the compliance or the identity costs or the compliance of renewal and management costs in the blockchain format and wrapper are 5 to 10x cheaper, then that’s a huge advantage.”
Chainlink’s ACE is designed to make launching these tokenized assets super easy, with built-in compliance. Less hassle, more gains. 🙌
“It’s meant to reduce the friction and the cost of institutional capital doing transactions on blockchains,” Nazarov said.
Onchain RWAs are already hitting record highs, with over $25 billion invested. That’s a lot of trust in the blockchain, people!
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2025-07-21 13:14