Chainlink, Apex Group, and Bermuda Monetary Authority Complete Blockchain Stablecoin Compliance Pilot

Chainlink and Apex Group have successfully completed a blockchain pilot with the Bermuda Monetary Authority (BMA) to explore how decentralized technology can automate and enforce stablecoin compliance. Announced at Chainlink’s SmartCon 2025, the testnet project was developed through the BMA’s Innovation Hub, demonstrating how blockchain can provide regulators with real-time insight into stablecoin reserves and circulation.

The system utilized Chainlink’s Proof of Reserve to verify and publish reserve data directly on chain, ensuring transparency of the stablecoin’s backing. Additionally, Secure Mint was implemented to prevent token issuance beyond the available reserves, reinforcing trust and accountability. Apex Group, which oversees $3.5 trillion in assets, supplied verified data related to custody and reserve holdings, contributing to the project’s data integrity.

Chainlink’s Automated Compliance Engine (ACE) played a central role by embedding Bermuda-specific regulations into the stablecoin’s operational logic. This allowed compliance requirements to be automatically enforced, eliminating the need for after-the-fact reporting. The Cross-Chain Token standard enabled the stablecoin to move seamlessly across multiple blockchains, supporting interoperability for future institutional use cases.

To strengthen security, Hacken, a blockchain compliance firm, provided continuous monitoring to detect potential risks such as suspicious wallet activity or abnormal on-chain behavior. The identity layer developed by Bluprynt linked verified issuers to minting wallets, ensuring every issuance could be traced to real-world entities.

This pilot highlights how blockchain infrastructure can transform regulatory oversight by embedding compliance into code. It aligns with Chainlink’s growing role in institutional blockchain adoption, following its launch of the Chainlink Runtime Environment (CRE) — already being used by major banks like JPMorgan and UBS to build cross-chain applications.