Chainlink Partners with Major Financial Players to Improve Corporate Actions Data Reporting Using AI and Blockchain

The initiative’s first phase focused on corporate actions data of equity and fixed-income securities across six European countries. Chainlink connected its decentralized oracles with large language models (LLMs) like OpenAI’s ChatGPT, Google’s Gemini and Anthropic’s Claude to extract corporate actions data from various sources and transform it into a structured format called “Golden Records” that comply with global financial standards like the ISO 20022 and the Securities Market Practice Group (SMPG) guidelines. Then, it used Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to publish and distribute data across different blockchains.

Later stages, for example, will explore ways to integrate this framework with existing financial systems like Swift messaging standards for broader industry adoption, the report said. Participants in the initiative include Euroclear, Swift, UBS, Franklin Templeton, Wellington Management, CACEIS, Vontobel and Sygnum Bank. Blockchain ecosystem partners Avalanche (AVAX), ZKsync (ZK) and Hyperledger Besu networks also contributed.

“By leveraging AI and Chainlink oracles to interpret, standardize, and deliver high-value unstructured data, we can dramatically reduce the manual processes required, enabling significant potential operational efficiency and cost reduction,” said Mark Garabedian, Wellington Management’s director of digital assets and tokenization strategy.