- The Ethereum Foundation named Chainlink as a privacy and compliance partner that plays a critical role in Ethereum’s institutional adoption.
- The cooperation builds on a long-standing technical relationship, for example through Chainlink’s Oracle network, which provides data feeds and crosschain messaging via CCIP.
Ethereum is rapidly evolving from a crypto asset to the platform of choice for traditional financial transactions. The system has taken decisive steps toward mass institutional adoption.
The Ethereum Foundation
called Chain link
public as a key player in providing critical data protection and compliance solutions required by global financial companies and government organizations.
The foundation specifically named the Oracle network as a fundamental player in data protection and compliance for companies.
This highlighting comes as part of the foundation’s newly launched “Ethereum for Institutions” gateway. This is a special resource intended to introduce traditional financial companies to the network.
The project also shows how important data protection-friendly technologies are wie Zero-Knowledge-Proofs and Trusted Execution Environments to create a compliant institutional layer on Ethereum.
Not just Ethereum, but also Chainlinks Oracle network was created by Thousands of projects on the web3 integrated and secures an enormous amount of value in numerous industries.
This allows institutions to verify critical information and execute complex business logic on the blockchain without exposing sensitive details, paving the way for mass adoption of tokenized RWA and institutional DeFi.
In addition to the Chainlink Runtime Environment CRE, ACE was launched in collaboration with several partners including Apex Group, GLEIF and ERC3643.
This happened earlier this year. It is a standardized, modular system designed to meet critical institutional needs, particularly suitable for identity attestation, KYC/AML frameworks, and policy enforcement for digital asset transactions. This aligns Chainlink perfectly with the larger goal of Ethereum.
By meeting key regulatory and compliance requirements, Chainlink effectively bridges the gap between open-source DeFi and the strict, regulated financial requirements of global institutions.
This matters because the institutional finance world has traditionally faced two major hurdles when considering using Ethereum: confidentiality and compliance. The inherent transparency of public blockchains makes it difficult for institutions to maintain the privacy required for sensitive transactions and business strategies.
At the same time, regulated entities must have standardized KYC/AML processes implementthat were previously missing. The Ethereum Foundation has now addressed these concerns head-on by advocating and prioritizing privacy and compliance layers, with Chainlink’s technology a key component.
As the foundation notes, these privacy applications are not just an idea, but are already being used in practice “in production.”
At the time of going to press, ETH switched for 3.892,69 Dollar the owner – a decrease of 2.88 or 6.53 percent in the last 24 hours.
No Comments