400k MSMEs, 1,500 corporates and 11B+ GSP API calls makes this closer to invoice collateral plumbing than another tokenized T-bill wrapper. If ACE can enforce KYC/KYB, sanctions and travel-rule checks at transfer time, Vayana gets reusable compliant receivables that can move between banks, NBFCs and onchain liquidity without every venue rebuilding the risk stack. $LINK holders will still care whether enterprise fees hit the Chainlink Reserve, but these are the recurring workflows oracle demand needs.

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