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Chainlink’s Leading Position in Capital Markets, Tokenized Assets, and DeFi | 2024 Highlights

December 30, 2024

2024 marks a turning point for the adoption of onchain finance in traditional markets, with Chainlink solidifying its position as the standard for verifiable data, cross-chain interoperability, and connectivity between blockchains and legacy infrastructure. This year featured several groundbreaking Chainlink product launches, solutions with some of the largest financial institutions and market infrastructures in the world, continued dominance across DeFi, substantial growth in key Chainlink programs such as Build and Scale, and much more.

For a list of Chainlink’s biggest banking and capital markets announcements, check out the blog: Chainlink’s Work With Swift, Euroclear, and Major Banking and Capital Markets Institutions.

Dominance in Banking and Capital Markets

Chainlink, Euroclear, Swift, and 6 Financial Institutions Launch AI Initiative

The industry initiative brought together Chainlink, leading financial and market infrastructures Euroclear and Swift, and some of the world’s largest financial institutions, including UBS, Franklin Templeton, Wellington Management, CACEIS, Vontobel, and Sygnum Bank to “solve a 3.1 trillion dollar unstructured data problem”.

The initiative successfully demonstrated how LLMs can be used in combination with Chainlink for near real-time data distribution of corporate actions events across three blockchain networks. Financial institutions could then use that onchain corporate actions data to build automated and programmatic workflows for increased efficiency and new product opportunities. For more information, read the full report.

DTCC Announces Launch of Smart NAV To Accelerate Fund Tokenization With Chainlink, JP Morgan, Franklin Templeton, And More

Processing $2+ quadrillion annually, The Depository Trust and Clearing Corporation (DTCC) is the premier post-trade market infrastructure that provides clearing, settlement, asset servicing, data management, and trade reporting around millions of security transactions each day.

The DTCC, Chainlink, and 10 of the world’s largest financial institutions, including American Trust Custody, American Century Investments, BNY Mellon, Edward Jones, Franklin Templeton, Invesco, JP Morgan, MFS, State Street, and U.S. Bank collaborated on Smart NAV to deliver key mutual fund data onchain. Smart NAV demonstrated how DTCC and Chainlink can make net asset value (NAV) data available across virtually any private/public blockchain, enabling automated data dissemination and historical data access, which unlocks a multitude of use cases around fund tokenization.

One of the key findings from the report showed how Chainlink CCIP serves as an open blockchain interoperability standard to prevent future fragmentation by providing a secure abstraction layer between DTCC and blockchains.

SBI Digital Markets, UBS Asset Management, and Chainlink Unlock Automated Fund Administration and Transfer Agency

SBI Digital Markets, UBS Asset Management, and Chainlink successfully completed their implementation of a tokenized fund, showcasing how tokenization, smart contracts, and Chainlink infrastructure can automate the fund management process for traditional fund administrators and transfer agents. This unlocks a fundamental shift in how the industry’s $132T global assets under management can begin to operate using blockchains.

The adoption of tokenized funds by the world’s largest asset managers has created a need for the fund administration industry to evolve into an onchain format. The UBS, SBIDM, and Chainlink solution shows how existing fund administration processes can apply to tokenized funds across multiple chains. The key insight is that existing systems already widely in use for fund administration processes can become compatible with tokenized funds once they’re made compatible with blockchains and smart contracts via Chainlink.

Swift, UBS Asset Management, and Chainlink Bridge Tokenized Assets With Existing Payment Systems

Swift, UBS Asset Management, and Chainlink successfully settled tokenized fund subscriptions and redemptions using the Swift network. This initiative enables digital asset transactions to settle offchain in fiat using an established payment system that’s already widely adopted by more than 11,500 financial institutions, across over 200 countries and territories.

“Our work with UBS Asset Management and Chainlink in MAS’ Project Guardian leverages the global Swift network to bridge digital assets with established systems.”—Jonathan Ehrenfeld, Head of Strategy at Swift

Swift, UBS, and Chainlink’s work proves how financial institutions can leverage blockchain technology, the Chainlink Platform, and the Swift network to settle subscriptions and redemptions for tokenized investment fund vehicles, thereby allowing the straight-through-processing of the payment leg without the need for global adoption of an onchain form of payment. This helps in the automation of the entire lifecycle of the fund redemption and subscription process.

Central Bank of Brazil Selects Chainlink Alongside Banco Inter, Microsoft Brazil, and 7COMm To Build CBDC Solution for Trade Finance

The Central Bank of Brazil (BCB) selected Banco Inter alongside Microsoft Brazil, 7COMm, and Chainlink to build a trade finance solution as part of the second phase of Brazil’s DREX—Brazil’s digital currency pilot. The solution leverages blockchain technology and the Chainlink standard to automate supply chain management and improve trade finance processes. The goal of the solution is to demonstrate the automated settlement of agricultural commodity transactions across borders, across platforms, and via different currencies.

Chainlink CCIP enables interoperability between the Central Bank of Brazil and another country’s central bank. This unlocks real-world use cases, including international agricultural commodity trade, infrastructure development, and more.

Fidelity International and Sygnum Partner With Chainlink To Bring NAV Data Onchain for Fidelity International’s $6.9 Billion Institutional Liquidity Fund

Fidelity International and Sygnum partnered with Chainlink to bring NAV data onchain for Fidelity International’s $6.9 billion Institutional Liquidity Fund. The solution provides unparalleled transparency and accessibility around key asset data for Fidelity International’s Institutional Liquidity Fund issued onchain by Sygnum.

Sygnum, a global digital asset banking group, tokenized $50 million of Matter Labs’ company treasury reserves (held in Fidelity’s International money market fund) and issued it as a token on the ZKsync blockchain (a Chainlink Scale partner).

“This is an important milestone, and it’s exciting to see the great work that’s been done with Fidelity International, Chainlink, and Matter Labs come to fruition, and we look forward to keep building an onchain ecosystem in a regulated and compliant way.”—Fatmire Bekiri, Head of Tokenization at Sygnum

ANZ Is Among the First Financial Institutions To Leverage CCIP Private Transactions for Cross-Chain Settlement of Tokenized RWAs

Chainlink CCIP Private Transactions enable confidential cross-chain transfers between private blockchain networks using the public CCIP network. CCIP Private Transactions feature a novel onchain encryption and decryption protocol, which empowers institutional cross-chain transactions across multiple private chains while keeping the transaction details including data, token amounts, and counterparties entirely private.

ANZ—an Australian bank with over A$1 trillion in AUM—is among the first financial institutions leveraging this capability for cross-chain settlement of tokenized real-world assets (RWAs) under the Monetary Authority of Singapore (MAS) Project Guardian initiative.

“Chainlink’s new cross-chain privacy capabilities have the potential to further accelerate institutional blockchain adoption by enabling end-to-end privacy between blockchain networks.”—Nigel Dobson, Banking Services Lead at ANZ

ADDX, ANZ, and Chainlink Introduce Privacy-Enabled Cross-Chain, Cross-Border Connectivity for Tokenized Commercial Paper

ADDX, in collaboration with ANZ and Chainlink, presented a solution focused on the entire asset lifecycle of tokenized commercial paper for cross-border transactions. The solution leverages ADDX’s investment platform, ANZ’s Digital Asset Services, and Chainlink’s Cross-Chain Interoperability Protocol (CCIP), including its recently announced Private Transactions capability.

“By leveraging Chainlink CCIP for secure and compliant blockchain interoperability, this use case showcases the utility of tokenized financial assets within a regulated environment.”—Inmoo Hwang, Co-Founder and Group CFO at ADDX

For this solution, the participants selected commercial paper as the candidate asset class. The short duration of the commercial paper makes it possible to showcase the entire asset lifecycle, from issuance and subscription to settlement and redemption. This transaction shows that regulated financial entities can securely tokenize and execute digital asset transactions using their existing systems while staying within the regulatory frameworks that ensure the integrity of financial markets.

Bancolombia Group’s Wenia Taps Chainlink To Increase Transparency of Its Stablecoin Backed 1:1 By The Colombian Peso

Wenia—the new digital asset company from the Bancolombia Group, one of the largest financial conglomerates in Latin America—is live and in production using Chainlink Proof of Reserve (PoR) to bring end-to-end transparency to the Colombian Peso reserves backing its COPW stablecoin.

Through this collaboration, COPW users on the Wenia platform gain access to Chainlink’s secure and reliable onchain PoR data, enhancing visibility into the reserves backing the stablecoin. In addition, Chainlink PoR is integrated directly into the stablecoin’s minting function, helping to protect users against the risk of infinite mint attacks where additional COPW is issued without sufficient available reserves.

Growing Momentum in the Tokenized Asset Industry

$3T+ AUM Fund Administrator Apex Group Is Leveraging Chainlink Infrastructure for Tokenized Assets

$3T+ AUM fund administrator Apex Group is leveraging Chainlink’s infrastructure for tokenized assets. Apex Group and Chainlink are collaborating to help fund managers use CCIP, Data Feeds, and Proof of Reserve to enhance asset liquidity, utility, and transparency.

21Shares Leverages the Chainlink Standard to Increase Transparency for Bitcoin and Ethereum ETFs and 21BTC

Throughout 2024, 21Shares, an affiliate of 21.co, one of the world’s largest issuers of crypto exchange-traded products (ETPs), announced multiple integrations of the Chainlink standard.

21Shares integrated Chainlink Proof of Reserve to increase the transparency of the ARKB Bitcoin ETF, issued in collaboration with ARK Invest.
21Shares integrated Chainlink PoR to increase the transparency of the 21Shares Core Ethereum ETF (CETH).
21.co integrated Chainlink PoR to help verify reserves and secure minting for its wrapped Bitcoin product, 21BTC.

21X, Europe’s First Tokenized Securities Trading and Settlement System, Is Adopting the Chainlink Standard

Europe’s first tokenized securities trading and settlement system, 21X, is adopting the Chainlink standard. Chainlink Price Feeds will underpin 21X’s trading engine and CCIP will connect it to assets across the onchain economy.

21X, soon to launch the first EU-regulated financial market infrastructure (FMI) for order matching, trading, settlement, and registry services for tokenized money and securities, announced that it has signed a strategic partnership with Chainlink. Through this collaboration, 21X’s onchain trading, matching, and settlement system will leverage the Chainlink standard to enrich tokenized assets with high-quality data and facilitate cross-chain interoperability. 

“We will launch 21X in Q1 2025 on a public permissionless blockchain and look forward to making a variety of tokenized assets accessible to our clients and prospects through CCIP. In addition, Chainlink will provide secure and accurate price data feeds for listed products on 21X.”—Max Heinzle, Founder and CEO of 21X

Coinbase’s Project Diamond Strategically Integrates the Chainlink Standard To Scale Institutional Adoption of Digital Assets

Coinbase’s Project Diamond—a compliant digital asset platform for global institutions—is adopting the Chainlink standard as infrastructure for powering the full lifecycle management of tokenized assets. With Chainlink natively integrated into the Project Diamond platform, asset issuers and fund managers have a secure and compliant solution to quickly scale their tokenized assets across public and private blockchains through verifiable data connectivity.

Chainlink CCIP is enabling new assets on Coinbase’s Project Diamond platform to become interoperable with public or private blockchains. Chainlink Functions enriches these assets with high-quality, real-world data, no matter which chain they move across via CCIP. The integration of the Chainlink standard will also enhance the existing Coinbase Project Diamond implementation for Abu Dhabi Global Market’s (ADGM) RegLab.

Emirates NBD welcomes Chainlink to Digital Asset Lab

Emirates NBD, a ~$260B AUM banking group in the Middle East, North Africa, and Türkiye (MENAT) region, announced Chainlink as the fifth member of its Digital Asset Lab. Chainlink will join other founding members, including PwC, Fireblocks, R3, and Chainalysis.

Chainlink’s membership will play a key role in advancing the Digital Asset Lab’s mission to create innovative solutions in digital finance. The Chainlink standard will help support the adoption of digital assets in the region via verifiable data and cross-chain interoperability.

“With Chainlink Labs’ expertise in onchain finance, we are confident this partnership will drive new advancements in tokenisation and digital asset management, reinforcing Emirates NBD’s position as a regional leader in financial innovation.”—Miguel Rio Tinto, Group Chief Digital and Information Officer at Emirates NBD

Chainlink Labs Establishes Presence in Abu Dhabi Global Market

Chainlink Labs announced that it is expanding its presence in the Middle East and North Africa (MENA) region, including setting up an office and establishing an entity in Abu Dhabi under the Registration Authority of ADGM.

Chainlink Labs plans to utilize its local presence to expand its network of strategic partnerships with financial market infrastructures and financial institutions, better serve its global ecosystem, and continue to build key relationships in the region as demand for tokenized assets surges.

Backed, Sonic, and Chainlink Partner with Fortlake Asset Management for Landmark Fund Tokenization Solution

Fortlake Asset Management—a fund manager backed by JP Morgan—is launching a tokenized fund on Sonic, which is facilitated by Backed and powered by the Chainlink standard. Chainlink CCIP and SmartData will be key drivers of the fund’s utility and adoption.

The fund is being tokenized by Backed, creating permissionless tokens that are collateralized 1 to 1 by fund units, with the price tied to the real-time net asset value (NAV). Chainlink SmartData will deliver NAV data of the underlying fund shares onchain, Chainlink Proof of Reserve will help verify collateralization and AUM, and Chainlink CCIP will enable seamless cross-chain liquidity and operations.

Fireblocks and Chainlink Labs Announce Strategic Collaboration To Accelerate Regulated Stablecoin Issuance

Fireblocks and Chainlink Labs have entered into a strategic collaboration to accelerate regulated stablecoin issuance. Fireblocks and Chainlink will provide a secure and compliant technology solution for banks and financial institutions to issue and transact with stablecoins across global financial markets.

The technology solution plans to support end-to-end tokenization capabilities for stablecoin issuers, including issuance, data synchronization, data connectivity and enrichment, compliance, custody, interoperability, and distribution. This integrated offering will give issuing agents a single, comprehensive, real-time view of stablecoins, reserves, market value, and total supply, including across different blockchains.

SOOHO.IO and Chainlink Announce Strategic Partnership To Explore Tokenized Asset and CBDC Use Cases in South Korea, Japan, Thailand, and Other Asian Markets

Blockchain financial technology company SOOHO.IO announced a strategic partnership with Chainlink to accelerate the development of tokenized assets and CBDC use cases in emerging digital markets across Asia, particularly in Korea, Japan, and Thailand.

The partnership will focus on utilizing Chainlink to support the adoption of blockchain technology by financial institutions, with a specific emphasis on leveraging Chainlink CCIP for cross-chain asset transfers, Chainlink Proof of Reserve for verification of prepaid settlement reserves, and Chainlink oracles for provisioning NAV data onchain.

“Chainlink has become the industry standard for tokenization use cases. This partnership will allow us to work extensively with Chainlink in the Asia region, addressing the needs of financial institutions and creating fundamental solutions for the digital asset industry.”—Jisoo Park, CEO of SOOHO.IO

Superstate Integrates Chainlink Infrastructure To Enhance the Transparency and Utility of the USTB Tokenized Fund

Superstate, an asset management firm modernizing investing through tokenized financial products, integrated Chainlink Data Feeds into its tokenized treasury fund—the Superstate Short Duration US Government Securities Fund (USTB). Specifically, Superstate integrated Chainlink for onchain NAV data to enhance the transparency and utility of USTB. Additionally, Superstate plans to integrate Chainlink Proof of Reserve to further enhance onchain verification of its AUM data.

The integration of Chainlink brings numerous benefits to USTB, including real-time transparency of its reserves, democratized access, and opportunities for the fund to be composable and programmable within collateralized lending, asset management, and market making.

Arta TechFin and Chainlink Labs Expand Digital Asset Collaboration in Hong Kong

Arta TechFin, a Hong Kong-based financial services platform, expanded its partnership with Chainlink Labs around fund tokenization. The ARTA-Chainlink solution aims to bring a wide variety of key asset data onchain and across different blockchains, helping meet the needs of asset owners and financial institutions in Hong Kong and abroad that are seeking greater levels of accessibility to the digital asset space for their clients. The partnership brings a much-needed market standard for originating, distributing, trading, and keeping custody of tokenized assets.

Extensive Adoption in DeFi

Scaling Lido and Other (Re)Staking Protocols Expand Cross-Chain via Chainlink CCIP

Lido, a leading liquid staking protocol, integrated CCIP to power the new Lido Direct Staking rails, enabling users to stake their ETH directly from other blockchain networks and receive wstETH, starting with support for Arbitrum, Base, and Optimism. The new Lido Direct Staking rails are being adopted by various DeFi frontends, including XSwap, OpenOcean, and Interport.

In addition to Lido, a growing number of protocols are also integrating Chainlink CCIP to go cross-chain and enable the staking/restaking of ETH from layer-2 networks:

Diva (divETH)
EigenPie (egETH)
Frax (sfrxETH)
Gravita (gravETH)
Origin (oETH)
StakeStone (STONE)
Vaultcraft (wstETH)

For more information on how CCIP is helping (re)staking protocols scale, read the full announcement blog: Scaling (Re)Staking Protocols Cross-Chain With CCIP.

Donald Trump-Inspired World Liberty Financial Adopts the Chainlink Standard To Accelerate the Mass Adoption of DeFi

Trump-supported World Liberty Financial (WLFI) selected the Chainlink standard to support its planned launch of the World Liberty Financial Aave v3 instance. Chainlink Price Feeds will provide the WLFI Protocol with a secure and reliable source of financial market data, crucial to enabling lending/borrowing markets as part of WLFI’s Aave v3 instance.

Chainlink’s track record of successfully keeping Aave’s markets secure for over 5 years without losing user value was a main factor in WLFI choosing Chainlink. WFLI plans to leverage additional capabilities of Chainlink in the future, such as CCIP for cross-chain interoperability, Proof of Reserve for RWAs, and more.

Aave’s GHO Stablecoin Goes Live on Arbitrum Powered by Chainlink CCIP

The Aave DAO launched its stablecoin GHO, the multi-collateralized stablecoin native to the Aave Protocol, on the Arbitrum network—marking the DAO’s first new market in its phased GHO cross-chain expansion strategy powered by CCIP.

For secure cross-chain transfers between Ethereum and non-Ethereum chains like Arbitrum, GHO uses a lock-and-mint model enabled by CCIP, in which tokens are locked on Ethereum while an equivalent amount is minted on the other network, keeping the total supply constant. Transfers between non-Ethereum chains will use a burn-and-mint model enabled by CCIP for maximum capital efficiency and fungibility while still being backed by reserves on Ethereum. This ensures security and flexibility for GHO’s future expansion across multiple blockchains.

Telefónica Integrates Chainlink Functions To Help Smart Contracts Detect Unauthorized SIM Card Changes

Telefónica, a Spanish multinational telecommunications company, leveraged Chainlink Functions to enable developers to connect any API on the GSMA Open Gateway to the Polygon blockchain. GSMA Open Gateway is a global telecoms industry initiative led by the GSMA, which introduced a suite of standardized Telco APIs that bring pioneering Telco capabilities to the Web3 ecosystem.

The first GSMA Open Gateway API, SIM SWAP—introduced in Brazil by the carrier Vivo (Telefónica Brazil)—is leveraging Chainlink Functions to enable the verification of data from various sources. This integration not only enhances transaction security but also introduces an extra layer of security to blockchain transactions by enabling smart contracts to make information requests to the API to ensure that a device’s SIM card has not undergone any unauthorized changes. Using the GSMA Open Gateway API via Chainlink can also help mitigate risk beyond transaction security, addressing two-factor authentication (2FA) and fraud detection in Web3 apps and DeFi services.

BTCFi Ecosystem Increasingly Adopting the Chainlink Standard

Solv Protocol, one of the largest Bitcoin staking platforms, is adopting the Chainlink standard for data and cross-chain solutions. Solv integrated Chainlink CCIP across the Arbitrum, Avalanche, BNB Chain, and Ethereum mainnets to facilitate cross-chain transfers of SolvBTC, SolvBTC.BBN, and SolvBTC.ENA. Solv is also integrating Chainlink Price Feeds and Proof of Reserve to enhance the liquidity, utility, and transparency of its tokenized assets.

“A secure BTCFi ecosystem needs robust and battle-tested infrastructure, which is why integrating Chainlink was an obvious choice.”–Ryan Chow, Solv Protocol Founder

Solv is one of many BTCFi projects adopting the Chainlink standard. Others include: 21BTC, B2 Network, Babypie, Bedrock, Bitlayer, Botanix Labs, dlcBTC, FBTC, Lombard, Lorenzo, and PumpBTC.

GMX-Solana Adopts Chainlink Data Streams As Official Data Oracle Solution on Solana

As part of the launch of Chainlink Data Streams on Solana, GMX-Solana—a community-driven sister project bringing the GMX V2 protocol to Solana—adopted Chainlink Data Streams as its official data oracle solution. Chainlink Data Streams help secure execution prices, funding rate calculations, liquidations, and other features on GMX-Solana that require secure, low-latency market data. As part of the integration, 1.2% of total protocol fees generated by GMX-Solana will be paid to Chainlink service providers in exchange for using Chainlink Data Streams.

“Since the initial launch of GMX V2 powered by Chainlink Data Streams, the low-latency oracle solution has enabled $64.84 billion in transaction volume for GMX. The success of this collaboration between the GMX and Chainlink communities made choosing Chainlink Data Streams as the oracle solution powering GMX-Solana an obvious choice.” —GMX-Solana

Key Chainlink Product Announcements in 2024

To get an in-depth look at all the product innovations in 2024, check the Chainlink Q1 Product Update, Q2 Product Update, and SmartCon Recap blogs. Below are the key highlights.

Chainlink Runtime Environment (CRE)

The Chainlink Runtime Environment (CRE) is a major upgrade to the Chainlink Platform, designed to scale Chainlink across thousands of blockchains, meet the growing demand from financial institutions, and empower developers to build with Chainlink faster, more easily, and with more reach and flexibility than ever before.

Underpinning this initiative is a deep re-architecture of the Chainlink Platform. Drawing inspiration from microservices architecture, the Chainlink node software utilized by decentralized oracle networks (DONs) is being broken down into distinct, modular capabilities (e.g., read chain, perform consensus, etc.) that are each secured by independent DONs. Developers can seamlessly combine these capabilities in any number of ways into executable workflows that run via the newly developed Chainlink Runtime Environment (CRE)—the system of DON-based capabilities, DON-to-DON communications, capability orchestration, and code execution on which workflows run with the appropriate consensus model.

Read the full announcement blog post to learn more about how CRE will enable more purpose-built financial apps for capital markets.

Chainlink CCIP Enters General Availability, Launched Cross-Chain Token (CCT) Standard, and Supported Numerous New Features

Chainlink CCIP entered general availability (GA), meaning any developer can permissionlessly use CCIP to securely transfer onboarded tokens cross-chain, send arbitrary messages to smart contracts on another integrated blockchain, or simultaneously send data and value together through CCIP’s unique support for Programmable Token Transfers.

CCIP also introduced the Cross-Chain Token (CCT) standard, which are cross-chain native tokens secured by CCIP. CCTs support self-serve deployments, full control and ownership for developers, enhanced programmability, and zero-slippage transfers—all backed by CCIP’s industry-standard defense-in-depth security. Notably, CCTs do not require token developers to inherit any CCIP-specific code within their token’s smart contract.

CCIP also introduced a variety of new features such as:

Lock and Unlock Support—A new token transfer mechanism, which complements the existing “burn and mint” and “lock and mint” methods of transfer.
Updated pricing model—CCIP is now one of the most cost-efficient options for securely and reliably transferring a wide range of tokens and messages cross-chain.
CCIP Local Simulator—The CCIP Local Simulator enables developers to quickly build and iterate on their cross-chain dApps, reducing CCIP message and token transfer times during the building phase from 10+ minutes to less than a second. You can install and start building using the CCIP Local Simulator today by visiting the Chainlink GitHub.
Transporter—A hyper-secure and intuitive bridging app built in association with the Chainlink Foundation, with support from Chainlink Labs. Transporter enables anyone to easily and securely transfer their token cross-chain via CCIP. Start using Transporter today.
Token Developer Attestation—Token developers will be able to add additional external verifiers to their CCTs, enabling them to participate in the cross-chain verification process of their tokens.
CCIP Token Manager—A new intuitive front-end web interface for token developers to seamlessly register, configure, and manage CCTs and token pools across multiple blockchain networks, including no-code, guided token deployments.
CCIP SDK—A new software development kit that streamlines the process of integrating CCIP by allowing developers to use JavaScript to create a token transfer frontend dApp.
Refreshed CCIP Explorer—A new, unified design and improved navigation of the CCIP Explorer makes for a more seamless and intuitive developer experience.

Chainlink Platform Privacy Suite: Blockchain Privacy Manager, CCIP Private Transactions, and DECO Sandbox

Chainlink further innovated on a suite of privacy solutions that solve different privacy concerns for institutions and Web3 developers.

The Blockchain Privacy Manager for privacy of data entering and leaving blockchains: The Blockchain Privacy Manager enables institutions to integrate the public Chainlink Platform and their existing systems with private blockchain networks while limiting onchain data exposure.
CCIP Private Transactions for privacy of cross-chain transactions: CCIP Private Transactions leverages the Blockchain Privacy Manager and a novel onchain encryption/decryption protocol to enable institutions to transact across multiple private blockchains using the public CCIP network, while keeping the transaction details fully confidential.
DECO for privacy for onchain data: DECO enables statements about offchain data to be shared onchain without revealing the underlying data. The Chainlink DECO Sandbox has been opened to the public, providing developers with access to DECO, the foundational zkTLS-oracle technology for authenticating and verifying web data in a privacy-preserving manner.

If your organization is interested in adopting the Blockchain Privacy Manager and/or CCIP Private Transactions, reach out to an expert below.

Talk with an expert

Chainlink Digital Assets Sandbox

The Chainlink Digital Assets Sandbox (DAS) was launched to accelerate digital asset innovation within financial institutions. With the DAS alongside expert support and consultancy services provided by Chainlink Labs, financial institutions can now go from the start of their digital asset journey to having completed a successful PoC in days, not months, saving them not only time and resources but also realizing business impact much faster.

The Chainlink DAS provides institutions with access to ready-to-use business workflows for digital assets. For example, institutions can use the Chainlink DAS across multiple blockchain testnets to digitize a traditional bond by converting it into digital tokens and enabling these tokens to be traded and settled on a Delivery versus Payment (DvP) basis, along with many other real-world examples involving a variety of financial instruments across their entire life cycles.

Start building digital asset use cases

Smart Value Recapture (SVR): A Chainlink-Powered MEV Recapture Solution For DeFi

Chainlink introduced Smart Value Recapture (SVR) —a novel oracle solution designed to enable DeFi applications to recapture the non-toxic Maximal Extractable Value (MEV) derived from their use of Chainlink Price Feeds. The initial version of Chainlink SVR was built in collaboration with BGD Labs, Flashbots, and other contributors to the Aave DAO and will initially focus on enabling DeFi lending protocols to recapture oracle-related MEV from liquidations.

Built on top of Chainlink infrastructure, SVR systematically reduces unnecessary third-party dependencies and eliminates the need to integrate intermediary smart contracts, making it a very minimal lift for existing Chainlink Price Feed users to adopt SVR. The value recaptured by SVR not only provides DeFi protocols with a new revenue stream, but can be used to promote the long-term economic sustainability of Chainlink oracles, ultimately ensuring DeFi protocols maintain access to highly secure and reliable oracles. The integration of Chainlink SVR by the Aave community is currently undergoing governance approval and can be read on the Aave forum.

Chainlink Automation 2.0

Chainlink Automation 2.0 launched in production, enabling developers to offload any smart contract computation offchain in a verifiable and ultra-reliable manner. Chainlink Automation 2.0 allowed development teams to automate even the most intricate Web3 use cases, saving up to 90% in gas costs in the process.

Chainlink Automation is powered by decentralized and verifiable offchain computing with the highest standard of cryptographic guarantees. Automation 2.0 also features an expanded set of triggers, unlocking new ways to connect multiple dApps. For example, Automation now enables smart contracts to react to log events emitted onchain, acting as a powerful messaging bus that’s similar to the pub/sub messaging bus used to connect microservices in Web2.

Chainlink Ecosystem Moments in 2024

The Chainlink ecosystem has continued to gain dominance, with notable growth across several key metrics, including:

$18.2T+ in transaction value enabled
15.7B+ total verified messages
7 new Chainlink Scale members (15+ total)
42 new Chainlink Build members (100+ total)
15 new canonical CCIP integrations
140 new Data Streams markets
150 community events
18K+ hackathon signups and 378 submitted projects
30+ workshops

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Countries Shift Strategies, Sell Treasury Bonds: Guest Post by BH NEWS | CoinMarketCap

Recent data from the U.S. Treasury reveals that China, Japan, and the United Kingdom collectively offloaded $81 billion in Treasury bonds in December. Continue Reading:Countries Shift Strategies, Sell

thedinarian@thedinarian

February 17, 2025

The Dawn of DeFi: The Hidden War for a Decentralized Future

👉 DON'T FADE THIS ARTICLE~ Crypto Michael AKA "The Dinarian"

The below article is NOT financial advice, it is being broadcast for entertainment purposes only. You should DO YOUR OWN RESEARCH and NEVER invest any more than you are willing to lose. On that note, THIS ARTICLE AND THE UNDERLYING ASSET DISCUSSED COULD CHANGE YOUR LIFE FOR THE BETTER FOREVER! You SHOULD pay close attention as this MAY BE THE MOST IMPORTANT article you could ever have read, unless you were fortunate enough to read the Bitcoin whitepaper and had invested in it back in 2008. The asset I am about to present to you, COULD EASILY FLIP BITCOIN! ESPECIALLY WITH TODAYS ADMINISTRATION IN PLACE!
~ Namasté 🙏 Crypto Michael AKA "The Dinarian"

Attempted Theft of the World's Most Valuable Property, SEC Lawfare & The ETHgate Scandal

It is widely accepted that the media often spreads misinformation and hides any truth that challenge the establishments narratives. Well, this is one of those hidden truths...

Loans without Banks, Trades without Exchanges, Contracts without Lawyers. Peer to Peer Capital Markets disrupts traditional finance by removing middlemen and counter-party risk, enabling you to become your own bank by holding the keys to it all in your own privately held digital wallet.

To what lengths do you think the establishment would go to defend their control of the financial system? A system seemingly ripe with market manipulation, naked shorts, money laundering and regulatory capture.

The Myth of Open Source

For context, in the realm of open source, major corporations can engage in Intellectual Property theft by using open source projects to gain insights, technology, or legal protections without fully reciprocating to the community. Companies might contribute code to an open source project, only to later use that same code in commercial products, extending it with enhancements, essentially using open source as a low-cost R&D resource. Patents are crucial here, serving as a defense mechanism. Although open-source licenses cover copyrights, they don't extend to patents, meaning that companies holding patents can enforce legal protections against unauthorized commercial use, ensuring that any commercial application of their patented technology within open-source software requires proper licensing or recognition. This protection has historically led to the hyper-growth of industries like mobile phones and the internet, where patented technologies could be safely shared and built upon, promoting innovation and market expansion.

Validating Inventorship

In fields such as technology, pharmaceuticals, and manufacturing, patents are vital for safeguarding new inventions, with Nikola Tesla's extensive patent portfolio serving as a testament to his contributions to science.

However, Tesla's revolutionary inventions, like the Wardenclyffe Tower which aimed at providing free wireless energy, faced fierce opposition due to their potential to disrupt established control over energy markets. Financially sabotaged by investors like J.P. Morgan, legally challenged through "the war of currents" by Thomas Edison's promotion of the less efficient Direct Current system, and undermined by media smear campaigns, Tesla's work was systematically suppressed. After his death, the FBI's seizure of his documents further suggests efforts to control or conceal his ideas that could disrupt centralized energy distribution, illustrating how innovation can be stifled to maintain existing power structures.

Could this type of suppression still be happening today?

The Genesis of Decentralized Finance

Reggie Middleton first introduced Distributed Finance what would later become known as Decentralized Finance (DeFi), in 2013 when he invented and patented technologies under the title "Devices, systems, and methods for facilitating low trust and zero trust value transfers." This included groundbreaking concepts like programmable Smart Contracts, Swaps, Tokenized Assets, NFTs, Stable Coins, Digital Wallets, and even underpin Central Bank Digital Currencies (CBDCs).

https://patents.google.com/patent/US11196566B2/en?oq=US11196566+

Called by many as "The Most Valuable Property in the World", his patents US11196566B2, US11895246B2, JP6813477B2, JP7204231B2, JP7533974B2, & JP7533983B2 have been cited over 138 times by major financial institutions, underscoring their foundational role in the blockchain industry.

His patents cover:

Trustless Peer-to-Peer Value Transfers: Systems for enabling decentralized and secure value transfers between parties without the need for intermediaries. Applicable to cryptocurrency transactions, DeFi platforms, and digital payment systems.
Decentralized Financial Systems (DeFi): Methods and devices that facilitate decentralized trading, lending, borrowing, and yield generation. Impacting decentralized exchanges (DEXs) like Uniswap, SushiSwap, and similar platforms.
Smart Contracts: Implementation of self-executing contracts on blockchain networks, used to automate agreements and enforce conditions without intermediaries. Essential for platforms such as Ethereum, Cardano, and other Layer-1 and Layer-2 blockchain protocols.
Tokenized Asset Trading: Methods for creating, transferring, and trading tokenized assets, including cryptocurrencies, non-fungible tokens (NFTs), and digital securities. Platforms like OpenSea, Rarible, and asset tokenization platforms may fall within the scope.
Cryptographic Security and Wallet Systems: Systems for securing digital assets using cryptographic methods, including cold storage, multi-signature wallets, and multi-party computation (MPC). Potential overlaps with services offered by companies like Coinbase, Kraken, Gemini, and institutional custody providers.
Decentralized Identity and Verification Systems: Technologies for managing and verifying digital identities on decentralized networks, including for KYC (Know Your Customer) purposes. Likely touching on identity solutions like Civic, BrightID, and Blockstack.
Blockchain-Based Voting and Governance: Systems for implementing decentralized voting, governance, and consensus mechanisms, foundational to DAO (Decentralized Autonomous Organizations). Relevant to governance platforms like Aragon, Snapshot, and MakerDAO.
AI Economic Agentic Computing: First introduced by the VeADIR Platform refers to the application of autonomous agents in economic systems, where software entities can make decisions, negotiate, and execute transactions independently. These agents use artificial intelligence to analyze market data, predict trends, and optimize economic activities like trading, resource allocation, and supply chain management. Used by OpenAi, Claude Sonnet, Meta and xAI.

The societal value of these patents to disrupt traditional financial models and fintech business practises, by essentially removing the banks as middlemen, create significant economic incentives to suppress his work.

True Decentralization

Current Decentralized Exchanges (DEXs) often fall short of being truly decentralized due to various practical and structural limitations. Although DEXs leverage blockchain technology and smart contracts to enable trading without a central authority, aspects like governance, liquidity, and user interface can introduce centralization. Governance tokens might be concentrated in the hands of a few, influencing decision-making unevenly. The frontend, controlled by developers, represents a centralized point of control or potential failure. Liquidity pools can be dominated by a handful of large providers, leading to centralized liquidity dynamics. Some DEXs implement regulatory compliance like KYC/AML, which inherently involves centralized oversight. The use of layer-2 solutions for scalability might also undermine decentralization if not fully autonomous.

However, patents like US11196566B2 and US11895246B2 could pave the way for true decentralization by introducing innovations in blockchain interoperability and decentralized governance mechanisms. These patents potentially offer solutions for more evenly distributed control over exchange operations, enhancing the autonomy and distribution of decision-making, thus moving closer to genuine decentralization in the DEX ecosystem, which can be expanded to other industries like Healthcare, Supply Chain, or any other industry that trades value.

Who is Reggie Middleton?

Reggie Middleton, through his BoomBustBlog, became a notable figure in financial analysis, particularly for his early and accurate predictions regarding the collapses of Lehman Brothers and Bear Stearns during the 2008 financial crisis. His blog was renowned for providing in-depth, contrarian insights into economic trends, investment opportunities, and corporate vulnerabilities. Reggie won the CNBC's stock draft consecutively for two years, and appeared on major financial news networks like CNBC, BBC and Bloomberg where he discussed market trends, his forecasts, and the implications of financial strategies adopted by major firms. His track record has undeniably positioned him as a significant voice in the financial commentary space.

Reggie's work gained public attention when he appeared on the Keiser Report and CNBC in 2014, premiering his innovations built on the Bitcoin blockchain called "Ultracoin", two years before Ethereum captured the crypto limelight.

His vision was to create sound markets for a financial ecosystem where loans could be issued without banks, trades executed without exchanges, and contracts enforced without lawyers, aiming to disintermediate traditional finance by removing the middleman that doesn't add value.

In 2014, Reggie pioneered a simple Apple trade using a Pure Bitcoin Wallet: The Ultracoin Client.

Ultracoin later renamed VERI short for “Veritaseum” meaning "of truth", was the

first to market in tokenizing precious metals, offering VeGold, VeSilver and even tokenized fiat currencies or so called "Stablecoins". Veritaseum also introduced VeRent creating yield through P2P lending, and the revolutionary VeADIR platform, an autonomous, blockchain-powered research platform that independently evaluates and acts on dynamic research in real-time, communicates in machine language, and operates by purchasing, analyzing, and distributing insights on various assets while allowing VERI token holders to access and trade this research.

In 2018 he created the worlds first Gold Denominated Blockchain Mortgage

with traditional written note, mortgage as well as a smart contract on a public blockchain, both of whom incorporate each other by reference. The transaction had traditional title insurance and the note was recorded with the county clerk. The mortgage was denominated in Veritaseum's VeGold product, a digital form of gold in bearer form, fully transferable and redeemable upon demand.

Merely a few examples of groundbreaking products offered by Veritaseum.

Coinbase's Challenge: The Patent Infringement Suit

Coinbase, a dominant force in the cryptocurrency exchange market, enlisted the services of Perkins Coie, one of the largest patent law firms, to contest the validity of Reggie Middleton's patents.

They launched an Inter Partes Review (IPR) at the Patent Trials and Appeals Board (PTAB), arguing that Middleton's patents lacked novelty. An overwhelming 85% of patents are invalidated through this process. However, Coinbase's challenge was denied along with the appeal, thereby upholding and strengthening the validity of Reggie's patents.

This IPR challenge came after Veritaseum sued both Coinbase and Circle USDC for $350 million each over patent infringement. Unfortunately, Reggie's patent attorney and close friend passed away during this suit, so the cases has been dismissed without prejudice, meaning they can be negotiated or the cases reopened at any time. This leaves Coinbase in a precarious position, especially if shareholders have not been properly informed of this risk.

This lawsuit details how Coinbase's infrastructure, specifically its Ethereum and Solana validator nodes, engage with client devices to facilitate transactions. Exhibit #3 meticulously outlines the patent's claims, detailing the roles of computing devices, the use of memory for key pair storage, network interfaces for transaction terms, and the generation and dissemination of transaction data records. It provides concrete examples such as the processing of NFT transactions on Ethereum and the management of transaction fees on Solana, supported by in-depth references to code and API interactions. Furthermore, the exhibit explains the verification of transactions through an external state, illustrating how Coinbase's technology aligns with the patent's principles for decentralized transaction processing without a central authority.

SEC's Intervention: A Turning Point

In 2019, with promising negotiations on the horizon with both the Jamaican and the Nigerian Stock Exchanges for digital asset platforms, Reggie's world was turned upside down.

The SEC accused Reggie of fraud, alleging he misled investors about the functionality of Veritaseum's VeADIR platform, which the SEC ordered to be shut down following a live demonstration. The SEC also made claims on the validity of Reggie's patent applications, which have since been approved by both the USPTO and the Japan Patent Office. Oddly enough, the SEC may actually infringe on these very patents through the disgorgement and storage of seized crypto tokens.

Despite Veritaseum's cooperation with the SEC over a two-year period, along with a detailed response addressing the SEC's allegations, and not one token holder claiming to be defrauded, these allegations still led to a Temporary Restraining Order (TRO) that froze millions in assets, destroying the company's operations, and forcing a consent judgment "neither confirming or denying the allegations". The SEC would top it all off with a gag order that barred Reggie from publicly discussing the matter.

Keep in mind, the SEC is claiming jurisdiction by calling Utility Tokens "Digital Asset Securities" but recently SEC Commissioner @HesterPeirce stated:

"...by using imprecise language we've been able to suggest the token itself is a security, apart from that investment contract, which has implications for Secondary Sales, it has implications for who can list it...

We've fallen down on our duty as a regulator not to be precise. So, tucking into a footnote that yes we admit that now that the TOKEN ITSELF IS NOT A SECURITY, that is something we should have admitted long ago and then started wrestling with the difficult questions."

This calls into question if the SEC even had jurisdiction to bring forth this case to begin with. The Veri Community would later challenge the SEC's unproven allegations against Reggie with

a Dossier supporting the Vacating or Setting Aside of this case, and suggesting possible misconduct by the SEC.

Allegations of SEC Misconduct:

Misrepresentation of Facts: Assertions that the SEC deliberately mischaracterized the
functionality of the VeADIR platform, along with the patents and their value, by labeling them as lacking novelty and part of fraudulent activities.
Misleading Evidence: The SEC's use of declarations from Patrick Doody and Roseann Daniello, which contained misleading information about the personal ownership of a Kraken account used to misappropriate funds. Doody would later correct his statement, but the SEC did not update the court with this new information, potentially misleading the judicial process.
Conflict of Interest: Doody's undisclosed financial interests in the digital asset space through Lily Pad Capital LLC could suggest a bias in his testimony, which was pivotal in obtaining the TRO.
Coercion and Intimidation: Witnesses like Lloyd Cupp and John Doe provided affidavits claiming coercion by SEC attorneys to alter their testimonies, pointing towards witness tampering and intimidation.

FOIA Responses: The SEC's FOIA department initially denied any communications with Kraken, only later admitting to subpoena issuance, suggesting an attempt to obscure facts.
RICO Allegations: A 95 page RICO Dossier, supported by extensive evidence, alleges that the SEC's actions could resemble an organized crime syndicate, with systemic coercion, misrepresentation, and procedural misconduct aimed at Reggie Middleton.
Bar Complaint: The Veri community lodged a Bar Complaint against the SEC's Lead Attorney
over the use of misleading evidence, coercion and intimidation of witnesses.

Summary Articles of the B ar Complaint and RICO Dossier

Comparisons with the SEC Misconduct in the DEBT Box Case

The DEBT Box case shares a troubling parallel with the Veritaseum case. In both cases a Temporary Restraining Order (TRO) freezing funds was issued using dubious evidence which suppressed the ability to defend themselves. This behavior was already admonished by five US Senators

in a letter to Commissioner Gary Gensler in which the SEC presented misleading claims in this now high-profile cryptocurrency case.

"Regardless of whether Commission staff deliberately misrepresented evidence or unknowingly presented false information, this case suggests other enforcement cases brought by the Commission may be deserving of scrutiny. It is difficult to maintain confidence that other cases are not predicated upon dubious evidence, obfuscations, or outright misrepresentations."

Given the similarities in alleged procedural misconduct between the cases, it raises systemic questions about the SEC’s litigation approach in cryptocurrency matters.

This parallel underscores a potential agency-wide issue that could involve either implicit biases against crypto companies or an explicit strategy to pursue aggressive, potentially misleading tactics in court.

Is The Fox Guarding the Hen House?

In a significant development, the Attorney Grievance Committee (AGC) has decided to forward a complaint against SEC attorney Jorge Tenreiro to the SEC's Office of General Counsel (OGC) for investigation. This controversial move suggests a potential conflict of interest, given that the OGC is part of the SEC, the very agency where Tenreiro was recently promoted to Chief Litigation Counsel. The complaint, filed by the Veri community, accuses Tenreiro of misconduct including alleged coercion, witness tampering, and misrepresentation during SEC investigations. The Veri Community argues that this decision undermines the integrity of the legal process, as the OGC's role is to provide legal advice and defend the SEC, not to independently investigate its own employees. This raises questions about the impartiality and transparency of the disciplinary process for attorneys, especially when it involves high-profile figures like Tenreiro.

"As noted in re Rowe, 80 N.Y.2d 336 (1992), the public’s confidence in the legal profession depends on transparent and impartial disciplinary processes. Delegating oversight to the SEC, where Mr. Tenreiro remains a senior official and where the OGC has a clear institutional stake, jeopardizes this confidence and risks the appearance of protectionism.”

The VeriDAO has submitted a response letter to the AGC along with creating a PDF generator
to help the estimated 100 complainants and anyone else interested in requesting the AGC to reconsider this action.

Legal and Judicial Trials

The legal battles would only continue for Reggie. The case of Hall v. Middleton, in which Hall, a 1% shareholder sued Reggie, raises concerns of judicial bias and procedural mishandling. In this case, Reggie was denied Due Process and barred from presenting crucial evidence or calling witnesses due to his former attorneys' "Office Failures" that missed deadlines to submit evidence without the knowledge of Reggie or the firm Brundidge & Stanger that outsourced his counsel as detailed in their affirmations.

"In my many years of practice it is a rare instance where I have witnessed an attorney intentionally not file critical documents as required by Court Order without the permission or knowledge of his client, who had an established and fully developed attorney client-relationship with said attorney, and then misrepresent that the requirements of the Court Order were being satisfied. This is one of those instances and I hope not to see another."
~ Carl Brundidge

The judge ruled that Reggie must:

Pay a $1M fine to his company Veritaseum Inc., in which he owns 99%
The plaintiff was awarded costs of $495k against Veritaseum Inc.
The Judge ordered Patents (filed before the creation of Veritaseum Inc.) to be assigned to the company without compensation.

Attorney's "Office Failures":

Sheridan England missed critical deadlines, resulting in the striking of exculpatory evidence. England’s inaction or inadequate defense exacerbated Middleton’s legal vulnerability, directly leading to adverse outcomes.

Judge Schecter’s Conduct:

Ignoring Exculpatory Evidence: Despite knowledge of its existence, Schecter struck Middleton’s post-trial memorandum.
Procedural Bias: The judge’s decisions systematically favored Hall, including allowing him to collect attorney fees from Middleton personally, contrary to the principles of derivative law.
Forced Patent Transfers: Schecter’s order to transfer patents to an underfunded entity (Veritaseum) which were court restrained by the same judge, rendering them defenseless against attacks and IP theft.

This ordeal was compounded when Reggie was held in Contempt for using personal funds (while Veritaseum’s funds were court-restrained) to successfully defend his patents against an IPR challenge by Coinbase in the PTAB of the USPTO in an attempt to invalidate these patents. The Forced Patent Expropriation to Veritaseum without compensation or the ability to defend them could be seen as coordinated as it benefited very large competitors seeking to avoid licensing fees or infringement claims, or possibly even IP Theft.

Judicial Complaint: A formal complaint has been filed with the NYS Commission on Judicial Conduct by the Veri Community.

ETHgate: The Broader Conspiracy Allegations

Parallel to Middleton's struggles, "ETHgate" emerged, involving allegations by Ethereum co-creator @StevenNerayoff. Nerayoff claimed a government conspiracy aimed at controlling or monopolizing cryptocurrency development by targeting key figures. This narrative suggested that by attacking innovators (like Reggie Middleton as the Veri Community contends), the SEC might have indirectly cleared a path for Ethereum, which, despite its decentralized claim, benefited from a regulatory environment less scrutinized than its competition.

The term "ETHgate" encapsulates the belief that Ethereum's "Free Pass" from regulatory scrutiny might not just be due to its technological merits but also due to strategic regulatory maneuvers, where attacking smaller or less established DeFi projects could safeguard larger, more influential platforms like Ethereum.

Back in 2021, @JohnEDeaton1 from @CryptoLawUS explained XRP's side of Ethereum's "Free Pass". More recently, further SEC RICO Claims are insinuated in "RIGGED from the start" a documentary by @Fruition_News , along with posts by @KuwlShow and the XRParmy involving the SEC, Ethereum, a16z, and Consensys surrounding the Bill Hinman speech. Active FOIA requests by @EleanorTerrett seek to shed light on meetings between Hinman and Ethereum members.

Given the SEC protection of ETH and the high probability of Ethereum infringing on Reggie Middleton's patents as meticulously detailed in Exhibit #3 of the Coinbase case, is it ridiculous to believe Reggie Middleton could have been targeted?

Community Support: The Backbone of Resilience

Despite the SEC's narrative labeling them as "The Defrauded," the Veritaseum community rallied around Reggie.

SmartMetal with embedded NFT avalaible through VeriDAO.io

Financially devastated and with his funds frozen, Reggie faced foreclosure and was threatened with jail time after contempt charges for defending his patents using personal funds. In a remarkable show of support, the Veri Community rallied, raising an impressive $149,000 in less than two weeks to cover the fine while the case is under appeal.

They funded legal battles largely through donations and more recently with innovative means like NFT silver rounds called SmartMetal using Reggie's patented technologies, underscoring their belief in his vision. The first minted round was auctioned off for an astonishing $14,000 won by "M S"

"There is no better witness to the veracity of any defense than the alleged defrauded defending the alleged fraud at their own expense"
~ The Veri Community

This community support was not just financial but also moral, with efforts such as an Amicus Brief in the case against XRP, a No Action Letter (NAL) seeking clarity on secondary market sales of tokens, a Bar Complaint against the SEC's newly promoted Chief Litigation Counsel, and the @dao_veri's

#ProjectSunlight The SEC RICO Revelation.

A Call for a New Regulatory Paradigm

Reggie Middleton's saga is emblematic of the challenges faced by pioneers in the blockchain and DeFi arenas. His patents, now granted, underscore their foundational nature, yet the path to their recognition was marred by legal battles, suggesting a systemic issue where the regulatory framework might not fully comprehend or support emerging tech. His resilience, supported by an unwavering community and the validation of his intellectual property, underscores the need for a regulatory environment that fosters rather than stifles innovation. As blockchain technology continues to evolve, Reggie's story serves as a critical reference for balancing innovation with legal and ethical governance, ensuring that the future of finance remains open to all, not just those with the resources to navigate the legal maze.

For more information visit https://veridao.io/

I know what everyones question is, "HOW CAN I GET MY HANDS ON THE $VERI TOKEN BEFORE EVERYTHING GETS REVERSED AND RELEASED BACK TO THE COMMUNITY?"

Your in luck: Mark is a trusted source, longtime Veri Vet that beta tested the VeADIR platform. Simply follow the thread below. I highly advise picking up a few, and tuck them away! This is the token that could literally FLIP BITCOIN $100k and beyond!

The information provided in this video, including but not limited to documents regarding legal matters, is for informational purposes only. It does not constitute legal (or any other) advice, and no warranties or representations are made regarding the accuracy, completeness, or fitness of the information for any specific purpose. VeriDAO and its operators do not act as attorneys or legal, financial or technical professionals or advisors and are not responsible for any actions taken or decisions made based on the content provided. Users should seek independent legal counsel for any legal advice or guidance. By watching this video, you agree that VeriDAO and its operators shall not be held liable for any damages or legal consequences arising from the use or misuse of the information contained herein.

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The content provided in this document is intended strictly for informational and educational purposes only. This document constitutes a research opinion and should be regarded as such. All claims, statements, allegations, and opinions contained within are based on publicly available information and are allegations unless and until proven in a court of law. The authors expressly disclaim any representation or warranty regarding the truthfulness, accuracy, completeness, fitness for a particular purpose, or durability of the information contained herein.

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thedinarian@thedinarian

18 hours ago

SEC Drops Dealer Rule Appeal

The US Securities and Exchange Commission (SEC) has abandoned its appeal of a contentious dealer rule designed to classify digital asset operations as regulated securities dealers broadly.

A federal judge ruled that the SEC had exceeded its authority by potentially categorizing nearly any participant in buying and selling securities as a dealer.
This decision is part of a broader reset in the SEC's approach to digital assets under new leadership.
The agency’s move to drop the appeal, amid concerns that continued litigation could reduce Treasury market liquidity and increase taxpayer costs.
Additionally, the SEC recently sought to pause its enforcement actions against Binance, indicating its readiness to resolve disputes through alternative means.
Blockchain Association CEO welcomed the dismissal, expressing hope for more productive discussions between regulators and the crypto industry as the US embraces a friendlier regulatory framework for digital assets.

What’s next: With acting chairman Mark Uyeda overhauling senior staff and legal strategies, the SEC is shifting away from its historically adversarial stance, a policy long associated with former chairman Gary Gensler.

For builders and investors: The new approach encourages constructive conversations between regulators and industry players, potentially leading to clearer guidelines and a more predictable operating landscape for both builders and investors.

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thedinarian@thedinarian

18 hours ago

Tether Teams Up With US Lawmakers on Stablecoin Rules

Tether is reportedly working with members of the US House Financial Services Committee, specifically Representatives Bryan Steil and French Hill, to shape federal stablecoin regulations.

This includes contributing to the STABLE Act introduced by both lawmakers in early February, as well as offering input on two additional stablecoin bills.
According to Tether CEO Paolo Ardoino, the company wants its perspective heard during the legislative process and is prepared to adapt to US rules.
The new rules may include requirements like monthly reserve audits and 1:1 collateral backing.
Tether’s involvement comes amid broader regulatory discussions, including meetings between crypto industry leaders and the SEC, and the push to bring stablecoins onshore.
Meanwhile, the Federal Reserve is warming to stablecoins as a means of preserving the US dollar’s global dominance but remains concerned about risks such as de-pegging events and market fragmentation.

What’s Next: Tether’s collaboration with lawmakers suggests that stablecoin regulations could soon take a more defined shape and may introduce stricter compliance measures, including mandatory audits and full collateral backing.

Why it Matters: If lawmakers strike the right balance, stablecoins could cement their role in global finance, benefiting both the crypto industry and the broader economy.

Our Take: If Tether and other stablecoin issuers adapt to US regulatory frameworks, it could bring legitimacy to the stablecoin sector, encourage institutional adoption, and integrate crypto more deeply into the traditional financial system.

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