Spiko Finance has integrated Chainlink's CCIP to enable compliant and seamless cross-chain access to tokenized money market funds, valued at over $380 million.
The partnership with Chainlink ensures automatic KYC/AML checks and secure fund transfers across various blockchain networks without the need for redemption and re-subscription processes.
Chainlink's SmartData feature is combined with CCIP to provide real-time NAV data access, facilitating more efficient fund management across networks.
This move signifies an important step towards connecting traditional finance with the on-chain world while ensuring compliance, with Chainlink actively promoting legal cross-chain adoption for institutions.