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Chainlink, Apex Group Test Onchain Stablecoin Compliance With Bermuda Regulator


تكنلوجيا اليوم
2025-11-05 17:00:00

Chainlink and Apex Group said they completed a pilot project with Bermuda’s financial regulator, the Bermuda Monetary Authority, to test how blockchain infrastructure can help enforce stablecoin rules directly on chain.

Unveiled during Chainlink’s SmartCon, the testnet pilot, conducted through the authority’s Innovation Hub, brings together a group of blockchain tools designed to give regulators continuous visibility into a stablecoin’s backing and circulation.

The system uses Chainlink’s Proof of Reserve to publish reserve data on chain and Secure Mint to restrict token issuance beyond what is backed.

Apex Group, which services $3.5 trillion in assets, according to a press release shared with CoinDesk, provided data on custody and reserves. Chainlink’s Automated Compliance Engine (ACE) embedded Bermuda-specific policy requirements into the stablecoin’s operation, while its Cross-Chain Token standard supported movement across blockchains.

Hacken, a blockchain security and compliance company, added real-time monitoring for compliance risks, including flagged wallet activity or unexpected on-chain behaviors.

The system also links verified issuers to minting wallets through Bluprynt’s identity layer, helping tie token issuance to real-world entities. Bluprynt is a developer of compliance infrastructure.

The pilot simulated how supervision might work if compliance checks were enforced automatically on chain rather than through after-the-fact reporting.

The project arrives alongside Chainlink’s broader push to support institutional adoption of tokenized assets. Its Chainlink Runtime Environment (CRE), announced yesterday, is already in use by banks such as JPMorgan and UBS to build cross-chain applications.



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