Chainlink teams with major financial institutions to fix the corporate action action problem
The decentralized Oracle Network Chainlink is working on 24 in the world’s largest financial institutions to overhaul how corporate actions, such as dividends, stock splits, and merger, are processed throughout the global market.
The chainlink has run a pilot with Swift, DTCC, Euroclear and six other financial institutions. It lends a combination of blockchain-based and artificial intelligence (AI) to ingest and prove true corporate action events in many languages.
Led to the manufacture of united data containers, known as Golden RecordsIn the near real time, according to a press release shared with CoinDesk.
These records are distributed simultaneously with blockchain networks and heitic systems such as the interbank messaging system, significantly reducing manu -work and the risk of mistakes.
The process is to use a blend of large language models, including Openai GPT, Google Gemini, and Anthropic Claude, to retrieve structured data from unoccupied corporate action announcements. They have been published as Unified Gold Records On-chain to create a “single source of fact that all participants are easily accessible, validated, and developed.”
The Runtime Environment (Cre) of the Chainlink (Cre) has proven model outputs, while the Interoperability Protocol (CCIP) relays data on blockchains, including the private Avalanche and DTCC network.
Data data is scryptographic testified to outputs and contributes to potentially missing data fields. According to the chainlink, the system achieved a close 100% agreed data at all test events.
The current system for processing corporate actions is expensive. Citi’s 2025 Asset Service Report It is shown that the average corporate action is touching 110,000 contacts and costs $ 34 million to process. The global financial industry is now spending a Approximately $ 58 billion Annually -in the processing of corporate actions.
