Spiko Finance integrates Chainlink CCIP to enable compliant and seamless cross-chain access to tokenized money market funds.
CCIP integration ensures automatic KYC/AML checks and secure fund transfers across multiple blockchain networks.
Spiko Finance, a European fintech platform engaged in asset tokenization, has partnered with Chainlink to integrate the CCIP cross-chain protocol. The goal is not just about efficiency, but more about opening up access to over $380 million in regulated money market funds that have been sitting on certain blockchain networks.
With this integration, assets can move between networks without having to go through the redemption and re-subscription process that many people are reluctant to try.
The system they built uses CCIP to automatically verify compliance before cross-chain transactions are approved. So, if a user fails KYC or is not in accordance with the jurisdiction, the funds will be sent directly to the recovery wallet.
Failed transfers do not
