Chainlink, SWIFT, and global banks advance initiative to streamline $58B corporate actions costs

Chainlink today announced the results of phase two of an initiative to modernize corporate actions processing.

Chainlink, Euroclear, SWIFT, and several leading banks began a joint initiative in October 2024 to overhaul corporate actions reporting. The collaboration uses AI, Chainlink’s oracle infrastructure, and blockchain to automate data processing and establish a shared “golden record.”

The project targets one of the most costly inefficiencies in global finance. Corporate actions consume an estimated $58 billion annually, with expenses rising 10% each year. Automation remains below 40%, leaving institutions reliant on manual work.

With participation growing to 24 institutions, including DTCC, UBS, and DBS Bank, the solution uses Chainlink’s oracle platform, blockchain, and artificial intelligence to transform fragmented disclosures into standardized, real-time data accessible across multiple languages.

In addition to successfully handling multilingual disclosures, like those in Spanish and Chinese, the system achieved nearly full consensus among AI models on tested corporate actions, as noted by Chainlink.

Instead of days, validated data was delivered directly into existing financial systems within minutes, according to the team. The architecture also demonstrated support for tokenized equities through unified records accessible across both blockchains and traditional infrastructure.

“By leveraging DLT, we can bring increased levels of transparency, connectivity, and accuracy to the ecosystem,” said Dan Doney, Managing Director & Chief Technology Officer, DTCC Digital Assets. “We welcomed the opportunity to bring this use case to life and demonstrate how innovative technology can transform processes and deliver new capabilities and value to the industry.”

The next phase will broaden the workflow to include corporate actions beyond dividends and mergers, such as stock splits, while also extending global reach with support for more jurisdictions and currencies.

The team also plans to introduce stronger privacy and governance controls to strengthen compliance for financial institutions worldwide.

“Delivering scalable digital market infrastructure means aligning new solutions with the systems institutions already trust. Industry-wide coordination around standards and interoperability, as demonstrated in this initiative with Chainlink and major financial institutions, is key to achieving that at scale,” said Stéphanie Lheureux, Director, Digital Assets Competence Center, Euroclear.