Blockchain-based investment products and compliance tools are set to be 10 times faster and cheaper than traditional finance, leading to increased digital asset adoption by financial institutions. Traditional financial compliance is costly and fragmented. Chainlink launches Automated Compliance Engine to unlock $100 trillion in new capital. Financial crime compliance costs for US and Canadian institutions totaled over $60 billion in 2023.
Investing in traditional assets will become cheaper through real-world asset (RWA) tokenization, potentially prompting more institutions to adopt RWA-based investments. Chainlink’s ACE framework supports launching tokenized RWAs with built-in compliance, reducing friction and cost for institutional investors entering blockchain markets. Onchain RWAs recently reached a cumulative all-time high of over $25.4 billion.
Read more at Cointelegraph: Blockchain Compliance, RWAs 10x faster, cheaper than TradFi