From BigGo Finance · BigGo Finance · · 2m
Pacific Meta Adds Chainlink ACE for Japanese Token Compliance
Pacific Meta partners with Chainlink to automate regulatory compliance for Japanese tokenized assets.
In brief
Pacific Meta partners with Chainlink to automate regulatory compliance for Japanese tokenized assets. Pacific Meta integrates Chainlink's Automated Compliance Engine (ACE) to help Japanese financial institutions meet tokenized asset regulations without naming clients or launch dates. Originally reported by BigGo…
Pacific Meta Announces Chainlink Partnership
Pacific Meta announced on the 16th that it has formed a strategic partnership with Chainlink Labs, prioritizing adoption of the cross-chain protocol CCIP and adding the Automated Compliance Engine (ACE) to its integration support services.
Goal for Japanese Financial Institutions
The aim is to help Japanese financial institutions meet regulatory requirements when structuring tokenized assets for institutional investors.
Three Collaboration Areas
The two companies will collaborate in three areas: tokenized financial products, on-chain identity, and compliance infrastructure.
Pacific Meta's Experience
Under Shota Iwasaki, Pacific Meta's representative director and president, the company says it has supported more than 300 projects in over 41 countries.
ACE Components
ACE consists of five components: Cross-Chain Identity Framework, Policy Manager, Identity Manager, Monitoring and Reporting Manager, and Cross-Chain Token Compliance Extension.
ERC-3643 Standard
ACE supports the ERC-3643 standard, the most widely used standard for tokens with built-in transfer restrictions.
Japan Market Positioning
Japan has early regulations for digital securities issuance under the Financial Instruments and Exchange Act, with major companies working on tokenized bonds and real estate funds.
Pacific Meta as Intermediary
Pacific Meta acts as an intermediary advising companies on blockchain initiatives and has relationships with major telecommunications, home appliance, and digital advertising companies.
No Client Names Disclosed
The announcement does not name any specific clients, with no Japanese financial institutions using ACE or CCIP identified.
Market Reaction
The LINK price stood at $11.76 (about 1,900 yen) on the 18th, down 2.06% from the previous day.
Reserve Purchases
Chainlink's reserve bought 431,900 LINK over 30 days, accounting for just under 0.07% of daily trading volume.
The essence
Pacific Meta integrates Chainlink's Automated Compliance Engine (ACE) to help Japanese financial institutions meet tokenized asset regulations without naming clients or launch dates.
