Chainlink, SWIFT, and global banks advance initiative to streamline $58B corporate actions costs
Key Takeaways
- Chainlink, SWIFT, and leading financial institutions launched a blockchain-based solution to streamline $58 billion corporate actions processing inefficiencies.
- The initiative's second phase achieved nearly 100% consensus among AI models and introduced multilingual, production-grade data validation across 24 global participants.
Chainlink today announced the results of phase two of an initiative to modernize corporate actions processing.
Chainlink, Euroclear, SWIFT, and several leading banks began a joint initiative in October 2024 to overhaul corporate actions reporting. The collaboration uses AI, Chainlink’s oracle infrastructure, and blockchain to automate data processing and establish a shared “golden record.”
The project targets one of the most costly inefficiencies in global finance. Corporate actions consume an estimated $58 billion annually, with expenses rising 10% each year. Automation remains below 40%, leaving institutions reliant on manual work.
With participation growing to 24 institutions, including DTCC, UBS, and DBS Bank, the solution uses Chainlink’s oracle platform, blockchain, and artificial intelligence to transform fragmented disclosures into standardized, real-time data accessible across multiple languages.
In addition to successfully handling multilingual disclosures, like those in Spanish and Chinese, the system achieved nearly full consensus among AI models on tested corporate actions, as noted by Chainlink.
Instead of days, validated data was delivered directly into existing financial systems within minutes, according to the team. The architecture also demonstrated support for tokenized equities through unified records accessible across both blockchains and traditional infrastructure.
“By leveraging DLT, we can bring increased levels of transparency, connectivity, and accuracy to the ecosystem,” said Dan Doney, Managing Director & Chief Technology Officer, DTCC Digital Assets. “We welcomed the opportunity to bring this use case to life and demonstrate how innovative technology can transform processes and deliver new capabilities and value to the industry.”
The next phase will broaden the workflow to include corporate actions beyond dividends and mergers, such as stock splits, while also extending global reach with support for more jurisdictions and currencies.
The team also plans to introduce stronger privacy and governance controls to strengthen compliance for financial institutions worldwide.
“Delivering scalable digital market infrastructure means aligning new solutions with the systems institutions already trust. Industry-wide coordination around standards and interoperability, as demonstrated in this initiative with Chainlink and major financial institutions, is key to achieving that at scale,” said Stéphanie Lheureux, Director, Digital Assets Competence Center, Euroclear.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Corporate power further intensifies the K-shaped split in the economy
- JPMorgan identifies a "K-shaped" U.S. economy with divergent income growth, stagnating for prime-age workers and declining for older cohorts. - Corporate dominance exemplified by Live Nation's antitrust case and Microsoft's governance scrutiny highlights systemic market imbalances. - Younger generations and low-income households adopt cautious spending habits amid weak labor markets and flat household cash balances. - Market fragmentation emerges as TSM shows strong investor confidence while crypto faces

Regulation and Innovation: SEC Considers the Future of Tokenized Stocks
- Nasdaq proposes blockchain integration for tokenized stocks, seeking coexistence with traditional shares under SEC-regulated frameworks. - WFE warns against crypto platforms bypassing safeguards, urging equal protections for tokenized equities to prevent reputational risks. - SEC's December 4 advisory committee meeting will assess Nasdaq's model, which aligns tokenized shares with existing CUSIP identifiers and NMS rules. - Regulatory outcomes could reshape market dominance: leniency empowers crypto firm

Bitcoin News Today: Bitcoin's Delicate Balance: Widespread Acceptance Versus Oversight from Regulators and Political Debate
- SEC approved Bitcoin spot ETFs in January 2024, attracting institutional capital but delaying futures ETFs over manipulation concerns. - Trump's pro-crypto stance and waning popularity correlate with Bitcoin's price swings, criticized by Krugman as speculative "Trumpism." - BlackRock's IBIT ETF returned to profitability with $3.2B gains as Bitcoin hit $90,000, now its top revenue source. - Bhutan expanded crypto adoption via Ethereum staking and tourism payments, while Nvidia's earnings influence Bitcoin

SEC Strives to Maintain Integrity While Fostering Innovation Amid Intensifying Tokenized Stocks Discussion
- Nasdaq proposes tokenized stocks under SEC-regulated framework, seeking integration with existing market systems and investor protections. - WFE warns "innovation exemptions" risk creating unregulated shadow markets with synthetic tokens lacking ownership rights and legal safeguards. - Critics demand clarity on DTC integration while WFE cautions blockchain adoption must demonstrate clear efficiency gains over current systems. - SEC faces balancing act: fast-tracking tokenization could boost U.S. digital

