Pilot Consortium and Goals
Decentralized oracle network Chainlink has engaged 24 leading financial institutions, including SWIFT, DTCC, and Euroclear, to pilot a blockchain-and-AI solution for corporate action processing. The initiative addresses inefficiencies in handling dividends, stock splits, and other events, which currently cost the industry an estimated $58 billion annually.
Golden Records and Data Consensus
The pilot produced unified “golden records” by extracting and validating unstructured corporate action announcements using AI models such as OpenAI’s GPT, Google’s Gemini, and Anthropic’s Claude. Chainlink’s Runtime Environment (CRE) validated outputs before publishing them on-chain via its Cross-Chain Interoperability Protocol (CCIP), achieving near-100% data consensus across test events.
Integration with Legacy Systems
Golden records were distributed simultaneously to blockchain networks and legacy systems like SWIFT’s messaging network. This dual distribution ensures that traditional back-office platforms receive standardized, cryptographically attested data in real time, reducing manual reconciliation and error rates.
Cost and Efficiency Benefits
Citi’s 2025 Asset Servicing report estimates that a single corporate action can involve up to 110 000 interactions and cost $34 million to process. Chainlink’s approach could streamline these operations, lowering manual workloads and cutting associated fees, with potential cost savings across the industry.
Future Outlook
If scaled, this model could set a new standard for corporate action management, combining on-chain transparency with AI-driven data integrity. Broader adoption may follow as institutions seek to modernize post-trade workflows and mitigate settlement risk in global capital markets.
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