KEY TAKEAWAYS
- Chainlink wins the Swift Hackathon 2025 Business Challenge for its innovative digital asset settlement solution.
- The solution enhances cross-border and cross-chain trading, focusing on speed, compliance, and privacy.
- Chainlink’s Automated Compliance Engine and Runtime Environment enable regulatory-compliant digital asset transactions.
- This achievement highlights Chainlink’s role in integrating blockchain with traditional finance systems.
Chainlink has been announced as the winner of the Swift Hackathon 2025 Business Challenge, recognized for its innovative solution that enhances digital asset settlement across borders and blockchains. The solution, which focuses on speed, compliance, and privacy, was selected from a record-breaking 104 entrants, making this the largest Swift Hackathon to date. Notable financial institutions such as Credit Agricole CIB, Deutsche Bank, and Standard Chartered were among the finalists.
The winning solution by Chainlink leverages its Automated Compliance Engine (ACE) and the Chainlink Runtime Environment (CRE), in collaboration with the Global Legal Entity Identifier Foundation’s (GLEIF) verifiable Legal Entity Identifier (vLEI) and Swift messages. This combination enables a new model for cross-chain, cross-border trading and settlement of regulated digital assets. The approach can also be applied to regulatory-compliant stablecoins, tokenized deposits, central bank digital currencies (CBDCs), digital securities, and other tokenized financial instruments.
Swift Hackathon 2025: Addressing Fragmentation in Digital Payments
The Swift Hackathon 2025 Business Challenge aimed to tackle the issues of fragmentation and lack of interoperability in the digital asset ecosystem. These challenges are particularly significant for firms adopting new forms of money, as they need to connect emerging networks with established systems. Financial institutions worldwide are integrating digital assets to improve cross-border flows by reducing costs, enhancing speed, and increasing transparency. However, divergent market practices and complex regulatory requirements have hindered the full realization of blockchain technology’s potential.
Chainlink’s solution demonstrated how its ACE, in conjunction with GLEIF’s vLEI, provides a regulatory control framework for the trading and settlement of digital assets. The solution automates the enforcement of policies defined by issuers and regulators, facilitating the delivery of digital asset tokens in exchange for payments made over Swift.
Chainlink’s Continued Innovation in Blockchain Technology
Chainlink’s success at the Swift Hackathon 2025 is part of its ongoing collaboration with Swift and other financial institutions. Since winning Swift’s Industry Challenge in 2016, Chainlink has been at the forefront of integrating blockchain and oracle technologies with traditional finance. This includes connecting existing Swift standards to blockchains and demonstrating secure and scalable ways to transfer tokenized assets.
The recent win at the Swift Hackathon reinforces Chainlink’s role in enabling the convergence of blockchain ecosystems with traditional finance, paving the way for more accessible, transparent, and reliable global markets. More details about Chainlink’s winning solution can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Chainlink’s victory in the Swift Hackathon 2025 Business Challenge underscores its role in advancing digital asset settlement technologies. The winning solution addresses key issues of speed, compliance, and privacy in cross-border and cross-chain digital asset transactions.
Recent industry reports indicate that cross-border digital asset settlement trends emphasize stablecoins, tokenized deposits, and automated settlement technologies as pivotal innovations. This aligns with Chainlink’s focus on enhancing digital asset settlement efficiency through its Automated Compliance Engine and Chainlink Runtime Environment.
A PR Newswire report highlights Chainlink’s collaboration with major financial entities, which demonstrates strong industry validation for creating global standards in digital asset workflows. This supports the significance of Chainlink’s solution in bridging traditional finance with blockchain technology, as evidenced by its success in the Swift Hackathon.
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