A new blockchain infrastructure is targeting traditional finance integration on a massive scale. The platform aims to bridge over $100 trillion in TradFi assets and potentially onboard 6 billion users to the blockchain ecosystem.
Developed by Parfin—which recently secured backing from a major stablecoin issuer for compliant stablecoin infrastructure—this institutional-grade network features built-in KYC/AML compliance at the Layer 1 level. The architecture is designed specifically for banking institutions, addressing the regulatory and operational requirements that have historically kept traditional finance separate from blockchain technology.
This compliance-first approach could mark a significant shift in how legacy financial systems interact with decentralized infrastructure. Whether this vision of mass institutional adoption materializes remains to be seen, but the technical foundation appears tailored for entities that can't compromise on regulatory standards.
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DefiEngineerJack
· 11-28 16:59
layer 1 compliance is actually™ just regulatory theater if they haven't formally verified the access control patterns... but sure, let's pretend banks care about code audits lol
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LiquiditySurfer
· 11-27 07:41
Ha, another compliance-first story. It sounds like filling out all the insurance forms before surfing... The hardest part of market making is this, compliance and efficiency are always at odds.
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GoldDiggerDuck
· 11-26 00:02
100 trillion US dollars? Ha, let's wait a bit before boasting...
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KYC/AML is written into L1, this time the banks might really be tempted
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600 million people on-chain, sounds just like the real thing... it's hard to trust them
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Compliance first, I see this as the last stubbornness of TradFi
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Parfin has some good stuff this time, but whether it can truly break the deadlock remains to be seen
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It's written quite professionally, just don't know when it can really be implemented
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Wait, isn't this just trying to get the old money bags to come in?
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MemeCurator
· 11-25 23:54
100 trillion USD? Wake up, this dream is too outrageous.
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Layer 1 has built-in KYC, is this still called Decentralization? Haha.
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Parfin really wants to eat the TradFi cake this time, but I don't know if the bank daddy will buy it.
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Compliance first? It feels like still working for traditional finance, isn't this just a "Blockchain version of finance"?
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600 million users is just a dream, reality will be more heartbreaking.
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The key still lies in whether banks will really use this system, otherwise it's just talking on paper.
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Rugpull幸存者
· 11-25 23:39
One hundred trillion? Wake up everyone, I've heard this kind of talk too many times.
A new blockchain infrastructure is targeting traditional finance integration on a massive scale. The platform aims to bridge over $100 trillion in TradFi assets and potentially onboard 6 billion users to the blockchain ecosystem.
Developed by Parfin—which recently secured backing from a major stablecoin issuer for compliant stablecoin infrastructure—this institutional-grade network features built-in KYC/AML compliance at the Layer 1 level. The architecture is designed specifically for banking institutions, addressing the regulatory and operational requirements that have historically kept traditional finance separate from blockchain technology.
This compliance-first approach could mark a significant shift in how legacy financial systems interact with decentralized infrastructure. Whether this vision of mass institutional adoption materializes remains to be seen, but the technical foundation appears tailored for entities that can't compromise on regulatory standards.