Chainlink, a prominent decentralized Oracle ecosystem that offers Real-World data for blockchain-based smart contracts, cooperates with Swift and GLEIF. The partnership focuses on launching Vlei Hackathon, which means that the regulatory-conforming blockchain-related solutions are catalyzed by Chainlink’s advanced automated compliance-engine (ACE) and verifiable legal entity Identifier (VLEi)-mechanism. The platform revealed the details of this development in a recent message on social media shared on X.
We are delighted to work with @Gleif for the Vlei Hackathon in addition to Swift (@swift Community) to accelerate the global acceptance of conforming digital assets onchain.https: //t.co/jo17zrlqjc
With hundreds of trillions in value that are ready to move onchain, are digital assets … pic.twitter.com/m33mnadowd
– Chainlink (@chainlink) July 14, 2025
Chainlink Partners with Swift and Gleif and launch Vlei Hackathon to strengthen conforming assets
As part of the collaboration with Swift and Gleif, Chainlink is planning to promote conforming assets at the chain. Swift is an open standard for providing financial information for financial companies. Moreover, GLEIF is a non-profit platform to manage the global legal ID identification mechanism. The aim of the collaboration with these two entities is to perform the Vlei Hackathon. The respective company tries to catalyze the efficient blockchain solutions that are regulatory.
In this respect, this development uses the newly introduced Automated Compliance Engine (ACE) of Chainlink and verifiable legal entity Identifier (VLEi) mechanism of GLEIF. The institutional momentum is currently delayed by the obstacles that deal with identity verification, anti-money laundering practices (AML) and knows your customer (KYC) instructions. That is why Chainlink with this partnership to resolve the respective bottlenecks. For that goal, the reliable statutory institutional identities in blockchain mechanisms ecosystems via Vleis is going.
The Chainlink Ace Forum offers a privacy -retention and modular solution that connects the current mechanisms for financial compliance with the blockchain. In addition, it also makes policy enforcement in real time, while identity management is protected, parallel to dynamic compliance that observes on private and public block chains. The main purpose of this platform is to develop applications on chains that enclose compliance and identity. Apart from that, participants may develop solutions that meet legal needs and at the same time allow seamless interaction on different platforms for digital assets.
Speed up blockchain innovation by promoting compatible assets transfers at the chain
According to Chainlink, the Vlei Hackathon takes into account the rising demand of the tokenized financial assets. So, with this initiative, Vleis and Chainlink provide the basis for conformers of digital assets around the world. Moreover, the Hackathon also underlines a remarkable step to unlock institutional capital. It increases blockchain innovation.