The industry-standard oracle platform, Chainlink, announced the successful completion of the second phase of a crucial initiative alongside 24 of the world’s largest financial organizations. This consortium seeks to standardize and optimize the processing of corporate actions, a process that costs the global industry approximately $58 billion annually. Chainlink co-founder Sergey Nazarov emphasized the need to transform a fragmented and manual workflow.
The collaboration includes essential market infrastructures such as The Depository Trust & Clearing Corporation (DTCC), Swift, and Euroclear, in addition to leading banks like UBS, DBS Bank, and BNP Paribas. The deployed solution utilizes Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and blockchain technology. The objective is to deliver validated and structured corporate actions data directly to companies’ existing systems. This allows information to arrive in minutes instead of the days required by the traditional process.
According to Citi’s Asset Servicing 2025 report, the cost per corporate action event averages $34 million and requires more than 110,000 interactions. Current automation stands below 40%, which underscores the urgent need for this deep digitalization.
On-Chain Standards: The End of Manual Inefficiency
Corporate actions (such as dividend payments, mergers, and stock splits) are essential but notoriously inefficient within traditional finance. The annual costs of $58 billion continue to rise by 10% annually, and 75% of firms still rely on manual data revalidation. The Chainlink initiative solves this fundamental problem by using Large Language Models (LLMs), such as Google Gemini and Anthropic Claude, to extract data from unstructured documents.
This data is then validated by the Chainlink oracle network and converted into ISO 20022 compliant messages. This digital process creates a unified golden record of data, simultaneously accessible across traditional infrastructures and blockchain ecosystems like DTCC’s. Nazarov noted that, in an increasingly agentic financial ecosystem, corporate action compliance must evolve toward a unified, verifiable standard.
It reduces manual processes to minutes.
The success of this pilot has massive implications, especially for the tokenized asset sector. By standardizing corporate actions data, the solution allows tokenized equities to use the same confirmed records across public and private blockchains. This lays the groundwork for superior synchronization and greater automation in on-chain markets.
For the native Chainlink token (LINK), this type of institutional adoption consolidates its position as the data abstraction and interoperability layer for global finance. The demand for Chainlink services from financial giants legitimizes its central role in infrastructure. This breakthrough is key to integrating billions of dollars in real-world assets.
The collaboration between Chainlink and the 24 leading financial organizations demonstrates the convergence of decentralized technology and traditional finance. This milestone not only addresses the costly corporate actions problem but also establishes an essential framework for the future of asset tokenization.
Future efforts will focus on extending the workflow to cover more complex corporate actions. They will also seek to expand coverage to more jurisdictions, introducing stronger privacy and governance controls. Chainlink is positioned as the global standard. This advance marks a fundamental step toward a financial ecosystem where automation and decentralized verification are the operating norm.
