chainlink

Clearer rules for brokers, investor protection, and blockchain integration
The U.S. Securities and Exchange Commission (SEC) has released new clarifying guidance for brokers, dealers, and transfer agents involved in crypto asset trading. This move stems directly from meetings with the Chainlink project, which helped clarify key questions about using public blockchains and their compliance with regulation.
The guidance comes in the form of Frequently Asked Questions (FAQs) and offers important clarifications about when crypto assets are treated as securities and how they should be handled.

Changes in Custody Requirements and Client Protection
One major question was whether brokers and dealers are required to maintain physical custody for cryptocurrencies that are not classified as securities. The SEC stated that this rule only applies to actual securities. In practice, this means that most crypto assets do not fall under the stricter regulatory safeguards — but it also means they’re not protected under SIPA if a broker goes bankrupt.
However, the SEC recommended that brokers and clients could agree on specific treatment for such assets, allowing them to be handled as financial instruments held on securities accounts — potentially preventing them from becoming part of the broker’s estate in liquidation.

Regulator Signals Shift — Listening to the Industry
SEC Commissioner Hester Peirce welcomed the new guidance, calling it a “step in the right direction.” However, she noted it’s not a final solution and that the crypto industry still needs much more regulatory clarity. Key questions remain open, such as how brokers can handle tokenized securities, or how capital requirements should apply to cryptocurrencies.
At the same time, the SEC encouraged the industry to keep asking questions and seeking support — a noticeable shift from its previously cautious stance.

Chainlink: We Helped Shape These Rules
Chainlink, a leading oracle protocol bridging blockchain with external data, acknowledged its key role in shaping this initiative. During a meeting with the SEC, the team answered critical questions about privacy, transparency, and how public blockchains could comply with existing financial rules.
According to Chainlink, this guidance will help remove barriers that have prevented traditional financial institutions from embracing blockchain. Their goal is to support broader adoption of tokenized assets on public blockchains.
The project also stated it recently joined further discussions with the U.S. Treasury Department — this time about the future of decentralized finance (DeFi), continuing its influence as one of the crypto industry’s main voices in shaping the future of finance.

#Chainlink , #defi , #blockchain , #crypto , #SEC

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Ondo Finance has achieved a major milestone by completing the first cross-chain Delivery versus Payment (DvP) test transaction on the testnet of its Ondo Chain.

Conducted in collaboration with JPMorgan's Kinexys and Chainlink, this initiative highlights the potential of blockchain to streamline the settlement of tokenized real-world assets (RWAs).

The transaction involved the settlement of Ondo’s tokenized Short-Term U.S. Treasuries Fund (OUSG) on Ondo Chain, paired with blockchain-based deposit accounts on Kinexys Digital Payments for the payment leg. Chainlink’s secure cross-chain orchestration infrastructure, the Chainlink Runtime Environment (CRE), enabled atomic settlement across both public and permissioned blockchain networks.
Addressing settlement inefficiencies :
DvP transactions in traditional finance are often hindered by fragmented systems and manual workflows, leading to delays and counterparty risk. Blockchain-based DvP mechanisms mitigate these issues by synchronizing asset and payment transfers. The Ondo-Kinexys-Chainlink collaboration demonstrates how such cross-chain setups can offer:
Simultaneous settlement of assets and payments
Reduced counterparty and settlement risk
Greater operational efficiency through automation
Real-time finality and improved liquidity management
Technology and institutional integration :
Ondo Chain is designed as a Layer 1 blockchain optimized for RWA tokenization, aiming to bridge public blockchain transparency with the security of permissioned systems. The integration with Kinexys marks a significant step as the platform expands beyond private chains. Chainlink’s CRE played a central role in coordinating the test, ensuring institutional-grade security and compliance.
Implications for the future
This test lays the groundwork for more sophisticated DvP implementations and showcases the growing interoperability between traditional financial institutions and decentralized technologies. By successfully settling a tokenized treasury fund across networks, Ondo Finance positions itself as a key player in advancing the convergence of TradFi and DeFi.
#ONDO‬⁩ #JPMorgan #Chainlink $ONDO $LINK