Chainlink partners with 24 major financial institutions to standardize asset servicing

Chainlink partners with 24 major financial institutions to standardize asset servicing

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Chainlink on Thursday partnered with 24 giant financial institutions to create infrastructure to improve the processing of corporate actions. The company said the infrastructure will use the Chainlink oracle platform, blockchains and AI to extract, validate and present company action data via the blockchain.

Chainlink has partnered with companies, including DTCC, Swift, Euroclear, SIX, TMX, CEVALDOM, Grupo BMV, ADDX, Orbit Technology, Marketnode, and Wamid.

The company has also collaborated with leading asset managers and banks, including ANZ, UBS, DBS Bank, BNP Paribas’ Securities Services Business, Schroders, Wellington Management, Zurcher Kantonalbank, CTBC Bank, Sygnum Bank, Vontobel, AMINA Bank, Zand Bank and Causeway Capital Management.

Chainlink’s new infrastructure is based on the Phase 1 project

Chainlink noted that the global cost of processing corporate actions exceeds $58 billion annually. Depository and Clearing Institution I mentioned Informal disclosures, repetitive verification steps, and inconsistent data flows across systems have led to a significant increase in the processing of corporate actions.

Citi reported that the average cost of handling a single event currently costs $34 million across more than 110,000 interactions for the company. The company also noted that annual processing costs rose by 10% in 2025.

“By leveraging distributed ledger technology, we can bring increased levels of transparency, connectivity and accuracy to the ecosystem. We welcomed the opportunity to bring this use case to life and demonstrate how innovative technology can transform operations and provide new capabilities and value to the industry.”

Dan DonnieManaging Director and Chief Technology Officer at DTCC Digital Assets.

Chainlink said the new infrastructure builds on the first phase of its project, in which it partnered with SWIFT, Euroclear and six financial institutions. Companies have been able to prove that the processing of corporate actions can be significantly reduced.

The Decentralized Oracle Network revealed that companies were able to demonstrate that large language models can extract structured data from announcements of informal corporate actions. They were also able to publish data on-chain as a unified golden ledger.

Chainlink plans to develop the project in the second phase into a solution that meets the requirements of the current leading financial institution. The company said the second phase demonstrated improved speed, reach and accessibility of company action data.

Financial institutions have leveraged the Chainlink Operating Environment (CRE) to process, validate, and distribute company action data across the system using the Chainlink Cross-Chain Interoperability Protocol (CCIP). CRE converted the output of the verified AI model into ISO 20022 message format, while CCIP distributed the records to DTCC’s blockchain ecosystem and other blockchains.

Chainlink seeks to address the concerns of early-stage market participants

Chainlink said the second phase will focus on resolving timing delays, which currently take 24 to 48 hours for data on the company’s actions to reach asset managers since the initial announcement.

The company also hopes to mitigate the loss of corporate action data, due to distortion caused when different intermediaries apply different processing logic. The second phase will also aim to prevent data fragmentation, which results from the dissemination of company actions in different formats and channels.

The Decentralized Oracle Network revealed that the second phase will introduce a new role for the data validator, enabling regulated organizations to confirm the accuracy of corporate action data. The initiative aims to address concerns about authenticity He grew up By market participants in the previous stage.

Chainlink enables data contributors to provide missing information, which is often left out of initial disclosures. The company also plans to support integration with traditional financial infrastructure by creating ISO 20022 compliant messaging to facilitate data delivery.

It’s essential for asset managers to get accurate data on a company’s actions quickly and consistently in a standardized format, said Mark Garabedian, director of digital assets and tokenization at Wellington Management.

Chainlink aims to expand the role of the system in the next phase by extending the existing processing workflow to support more complex on-chain corporate actions for stocks. The company plans to enable events such as stock splits to be recorded and certified across market participants.

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