Chainlink Collaborates With 24 Financial Giants to Streamline Corporate Actions

Chainlink is collaborating with 24 major financial institutions to revamp the processing of corporate actions like dividends and mergers across global markets.

• A pilot was conducted with SWIFT, DTCC, Euroclear, and six other institutions.
• Utilized blockchain and AI to process real corporate actions in multiple languages.
• Produced unified data containers called golden records in near real-time.
• Distributed these records to blockchain networks and legacy systems like SWIFT, reducing manual labor and errors.
• Incorporated large language models from OpenAI, Google, and Anthropic for data extraction.
• Created a "single source of truth" on-chain for easy access and verification by participants.
• Chainlink’s Runtime Environment validated outputs, and its interoperability protocol relayed data to blockchains such as Avalanche.
• Data attesters ensured cryptographic validation and filled potential data gaps, achieving nearly 100% data consensus.

The current system for corporate actions is costly. Citi's 2025 Asset Servicing report indicates an average action involves 110,000 interactions costing $34 million. The industry's annual cost is estimated at $58 billion.