Chainlink stated the new compliance standard in ACE enables the creation of compliant digital assets and services, reusable identities, and regulated asset usage in DeFi.

Quotes that support claims

Chainlink said the new standard will allow the creation of compliance-focused digital assets and services across public and private blockchain networks, including reusable digital identities, automated policy enforcement, crosschain compliant digital asset settlement and regulated asset usage in DeFi.

These frameworks can be used with Chainlink ACE to support reusable digital identities, cross-chain compliant digital asset settlement, regulated asset usage in DeFi protocols, and more—enabling the global financial system to transition onchain in a scalable way.