Chainlink Partners with Global Financial Giants to Revolutionize Corporate Action Processing Through AI and Blockchain Integration

Chainlink has successfully concluded the second phase of its corporate action data processing enhancement initiative, marking a milestone in the intersection of artificial intelligence (AI) and blockchain technology. Announced on the 29th (local time), this groundbreaking project was executed in collaboration with some of the most prominent names in global financial infrastructure. Partners include the Depository Trust and Clearing Corporation (DTCC), SWIFT, Euroclear, and key banking institutions such as UBS, DBS, and BNP Paribas Securities Services.

The Role of AI in Standardizing Financial Data

Central to the project was the integration of large-scale AI models—namely OpenAI's GPT, Google’s Gemini platform, and Anthropic's Claude—to facilitate the creation of standardized financial data. These AI systems generated what Chainlink describes as an "on-chain unified golden record," a single, authoritative dataset accessible to all participants. This approach ensures consistency, transparency, and real-time data accuracy across the financial ecosystem.

After the data was generated by AI, it was processed and validated through the Chainlink Runtime Environment (CRE). The CRE converted this data into the ISO 20022 messaging standard, a globally accepted format for financial information. Subsequently, the standardized data was transmitted via the SWIFT network and recorded on multiple blockchains, including both DTCC's dedicated system and a combination of public and private distributed networks.

Enhancing Efficiency and Mitigating Financial Risks

One of the standout benefits of this innovative system lies in its ability to achieve 100% data consensus backed by tamper-proof verification records. This capability not only ensures data integrity but also offers significant operational and financial advantages. Chainlink estimates that this advanced blockchain-based processing system has the potential to reduce costs across the global financial industry by tens of billions of dollars annually. Additionally, it aims to minimize errors in payment processing and significantly lower operational risks.

Data published by Citi Group and referenced by The Block highlights the inefficiency of current corporate action processes. On average, a solitary corporate action event involves over 110,000 interinstitutional interactions, incurring costs of approximately $34 million. Even more striking is the revelation that 75% of financial institutions still rely on manual data revalidation workflows. This outdated approach creates operational bottlenecks, increases costs, and heightens the risk of errors.

Catalyzing Asset Tokenization in the Financial Ecosystem

Beyond efficiency gains, this project has far-reaching implications for the broader financial market, particularly in the realm of asset tokenization. By leveraging Chainlink’s innovative approach, traditional assets such as equities and real estate can be seamlessly brought on-chain, furthering the digitization of the financial ecosystem. Analysts and market participants alike anticipate that this technology will reshape how assets are managed, traded, and owned.

Tokenizing traditional assets not only enhances operational efficiency but also paves the way for democratized access to investment opportunities, increased liquidity, and greater transparency in asset ownership. With Chainlink at the helm, this initiative represents a critical step toward the future of finance.