Swift and Chainlink Partner to Bridge Traditional and Digital Finance

Chainlink's new Automated Compliance standard is set to transform the traditional finance onboarding experience. Here's what you need to know: - Traditional finance (TradFi) onboarding typically takes 1-3 months - DeFi Real World Asset (RWA) onboarding could be reduced to 1-3 seconds - The system maintains regulatory compliance while dramatically improving efficiency This development bridges the gap between TradFi's legitimacy and crypto's innovation speed. The standard enables: - Automated verification processes - Instant asset tokenization - Seamless integration with existing systems *The innovation marks a significant step toward mainstream DeFi adoption while maintaining necessary compliance standards.*

The GENIUS Act, a significant legislation for cryptocurrency regulation, has been signed into law at the White House. Chainlink co-founder Sergey Nazarov attended the signing ceremony alongside government officials and digital asset leaders. Key points: - The act provides regulatory framework for stablecoins - Aims to facilitate on-chain payments in developed and emerging markets - Chainlink actively participates in shaping U.S. digital asset policy through engagement with: - Senate - House of Representatives - SEC and other regulators The legislation is expected to enable the transition of regulated assets to blockchain technology using Chainlink's infrastructure.

Financial innovation is expanding beyond traditional centers like Wall Street and Silicon Valley, with all 50 states now actively engaging in blockchain initiatives. - States are launching programs to modernize government operations using blockchain technology - Public sector innovation efforts aim to leverage crypto expertise - Regional tech hubs emerging across the country as states compete for blockchain development This shift represents a significant democratization of financial technology development across the United States, moving beyond coastal tech centers.

ZeroHash executives highlight a groundbreaking platform developed in partnership with Chainlink and Mastercard that enables direct crypto purchases on decentralized exchanges using traditional payment cards. The platform represents the first solution allowing seamless fiat-to-crypto transactions on DEXs, with Chainlink verifying transaction details and ZeroHash providing liquidity access. This integration combines Mastercard's global payment network with Chainlink's infrastructure to create a secure onramp for billions of cardholders to access digital assets.

The Chainlink Chromion Hackathon, the largest hackathon in Chainlink's history, is wrapping up with its closing ceremony. The event, which began on June 2nd, brought together developers to build innovative Web3 applications. - Winners announcement expected during the ceremony - Event showcased new blockchain applications and use cases - Hackathon featured prizes and developer resources The six-week competition highlighted Chainlink's commitment to fostering blockchain development and innovation.