Global Adoption

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

Data provider Chainlink (LINK), with major financial market participants including Euroclear, Swift and Franklin Templeton, announced Monday that it started an initiative to make corporate actions data more accessible and standardized using artificial intelligence and blockchain tech. The project aims to address a long-standing challenge in the financial world: the lack of standardized and real-time data for corporate actions such as mergers, dividends and stock splits, which are notoriously fragmented in markets like Europe, Chainlink’s report said.

Automating and standardizing this information could help significantly reduce operational inefficiencies that currently cost businesses millions of dollars every year due to errors and manual data processing, according to the report. The data is commonly used by investors. “Turning various pieces of disconnected corporate actions data into unified ‘golden records’ that can then be relied on by hundreds of market participants as a definitive, single source of truth is truly a huge step forward,” Chainlink co-founder Sergey Nazarov said. “This will help financial markets synchronize faster, reduce errors and cut costs.”
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.
Terron Gold

Recent Posts

SWIFT Launches Blockchain Ledger Pilot With 17 Banks for Tokenized Deposits

SWIFT has launched a new blockchain-based ledger pilot with 17 major banks to test how tokenized deposits can move across…

6 days ago

Sony Bank Wins U.S. Approval to Launch Dollar Stablecoin Trust Bank

Sony Bank, the banking arm of Sony Financial Group, has received conditional approval from the Office of the Comptroller…

6 days ago

PayPal USD Launches Natively on Polygon to Expand Global Stablecoin Payments

PayPal has expanded its stablecoin strategy by launching PayPal USD (PYUSD) natively on the Polygon blockchain, giving businesses direct access…

7 days ago

BONK Faces $20 Million Treasury Attack After Malicious Governance Proposal Passes

BONK, one of Solana's most recognizable memecoins, is facing a major governance crisis after an…

1 week ago

World Leaves Solana for Robinhood Chain in Major Bet on Tokenized Finance

World, the blockchain ecosystem co-founded by Sam Altman, is shifting its prediction market infrastructure from Solana to the…

1 week ago

BNB Chain Unveils New Layer 1 Built for AI Agent Trading, Targets 2027 Mainnet Launch

BNB Chain has revealed plans to build a brand-new Layer 1 blockchain specifically designed for the next generation…

1 week ago