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Bitcoinist 2025-09-30 06:00:16

Chainlink’s (LINK) Latest Plan With TradFi Giants To Tackle $50 Billion Corporate Challenges

Chainlink (LINK) has unveiled a new initiative aimed at transforming the corporate actions processing system, collaborating with 24 of the world’s largest organizations of the broader financial sector. This partnership, announced on Monday, seeks to leverage Chainlink’s oracle technology, blockchain capabilities, and artificial intelligence (AI) to streamline the often cumbersome and costly processes associated with corporate actions. Chainlink Partners With Financial Giants To Save Billions According to the press release , the Chainlink-powered solution will allow financial institutions to receive structured and validated corporate actions data in multiple languages directly into their systems within minutes, rather than the days currently required. This is expected to save the global financial industry billions of dollars annually by minimizing processing disruptions, reducing settlement errors, expediting reconciliations, and lowering operational risks faced by financial institutions. Among the key participants in this initiative are major financial market infrastructures such as SWIFT, The Depository Trust & Clearing Corporation (DTCC), Euroclear, and SIX, alongside asset managers and banks like UBS, DBS Bank, and BNP Paribas. Corporate actions processing currently costs the financial industry an estimated $58 billion each year, with costs increasing by 10% annually and automation rates lagging below 40%. A recent report by Citi highlighted that the average corporate action event involves over 110,000 firm interactions and costs approximately $34 million to process, with a significant portion of market participants still relying on manual data validation . Future Plans In the first phase of the initiative, Chainlink, SWIFT, Euroclear, and several financial institutions showcased how large language models (LLMs) — including OpenAI’s GPT and Google’s Gemini — could effectively extract structured data from unstructured corporate action announcements. The second phase introduced a new deployment, enhancing the speed and accessibility of corporate actions data. Through the Chainlink Runtime Environment (CRE), multiple AI model outputs were validated and transformed into ISO 20022-compliant messages, which were then disseminated via the SWIFT Network. Additionally, the Chainlink Cross-Chain Interoperability Protocol (CCIP) enabled the distribution of these records across both DTCC’s blockchain ecosystem and various public and private blockchain platforms. This initiative not only achieved nearly 100% data consensus among the AI models assessed but also demonstrated multilingual processing capabilities, accommodating disclosures in languages such as Spanish and Chinese. Looking ahead, the team plans to expand this workflow to accommodate more complex corporate actions, such as stock splits, while increasing global coverage through additional jurisdictions and currencies. Enhanced privacy and governance controls will also be introduced to meet the operational and compliance needs of financial institutions worldwide. Sergey Nazarov, Co-Founder of Chainlink, stated: Addressing the data validation challenges of corporate actions through AI Oracle Networks represents a significant advancement, demonstrating that multiple AIs can achieve consensus on critical information within a Decentralized Oracle Network. Featured image from DALL-E, chart from TradingView.com

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