Today, the process is slow, expensive, and often messy. According to Citi’s 2025 Asset Servicing report, each corporate action event touches more than 110,000 firm interactions and costs an average of $34 million to process. In total, the global industry spends an estimated $58 billion a year, with automation rates still below 40%. Errors and delays are common, creating unnecessary risks for investors and institutions.
Now, Chainlink, the leading oracle platform, has announced the results of Phase 2 of an industry-wide initiative that could finally bring this system into the digital age. With participation from 24 of the world’s largest financial institutions, including Swift, DTCC, Euroclear, UBS, DBS Bank, and BNP Paribas, the project has shown how artificial intelligence, blockchain, and oracles can work together to deliver accurate, real-time data at scale.
Faster, Smarter, and More Reliable Data
At its core, the solution makes corporate action data faster to process and easier to trust. Traditionally, financial firms must sift through countless announcements in different formats and languages, then recheck them manually. That can take days.
With Chainlink’s system, AI models scan these announcements and convert them into a unified “golden record” that everyone in the network can access. These records are verified by multiple AI models, published on blockchain, and then distributed across both traditional systems like Swift and newer blockchain-based platforms. This means the same structured data can reach custodians, asset managers, and even smart contracts within minutes.
We are excited to announce a major industry milestone in a global corporate actions initiative led by Chainlink in collaboration with 24 of the world’s largest financial organizations, including Swift (@swiftcommunity), DTCC (@The_DTCC), and Euroclear (@EuroclearGroup).… pic.twitter.com/NkymfGWNqE
— Chainlink (@chainlink) September 29, 2025
During testing, the system reached nearly 100% agreement among AI models and worked across multiple languages, including Spanish and Chinese. For global institutions, this level of speed and accuracy could save tens of billions annually while cutting down on costly settlement errors.
A Shift Toward Digital Market Infrastructure
The timing of this project lines up with a broader trend: the rise of tokenized assets. From tokenized treasuries to real estate, financial institutions are increasingly exploring how blockchain can support new forms of investment. But tokenized equities—shares of public companies issued on blockchain—cannot scale unless corporate actions data is standardized and reliable.
Chainlink’s initiative helps solve that bottleneck. By creating a shared, real-time source of truth, it lays the groundwork for tokenized equities and smarter onchain markets. As Sergey Nazarov, Chainlink’s co-founder, put it, this is a “huge step forward” in proving how AI and decentralized oracle networks can reshape global finance.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post Global Banks Join Chainlink to Cut $58B Processing Costs appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.