Chainlink Partners With Major Banks to Solve $58B Corporate Actions Crisis Using Blockchain & AI

Blockchain oracle provider Chainlink has formed a strategic alliance with 24 global financial giants to revolutionize corporate actions processing including dividends, stock splits, and mergers. The initiative successfully completed a pilot with SWIFT, DTCC, Euroclear and six other institutions, leveraging Chainlink's blockchain infrastructure combined with artificial intelligence to validate multi-language corporate action data. The system generated unified "golden records" in near real-time, distributing them simultaneously to blockchain networks like Avalanche and traditional systems including SWIFT's messaging platform. This breakthrough dramatically reduces manual processing and error risks while achieving near-perfect data consensus across all test scenarios. Chainlink utilized advanced AI models including OpenAI's GPT, Google's Gemini, and Anthropic's Claude to transform unstructured corporate announcements into standardized data. The Chainlink Cross-Chain Interoperability Protocol (CCIP) facilitated secure data transfer between networks, while cryptographic attestations ensured data integrity. According to Citi's 2025 Asset Servicing report, the current corporate actions system processes 110,000 interactions per action at $34 million cost, with the global industry spending $58 billion annually on these operations.