TL;DR
- Chainlink partnered with 24 financial institutions to standardize corporate actions processing and modernize data infrastructure.
- The infrastructure combines oracles, blockchain, and AI models to extract, validate, and distribute critical information, converting the data into ISO 20022-compliant messages.
- Phase 2 will address 24–48 hour delays, data loss, and fragmentation, introducing a data attestor role.
Chainlink partnered with 24 financial institutions to standardize corporate actions processing and modernize market data infrastructure.
The project leverages oracles, blockchain, and artificial intelligence models to extract, validate, and uniformly distribute critical information across systems and participants. Entities involved include DTCC, Swift, Euroclear, SIX, TMX, Grupo BMV, ADDX, and Marketnode, as well as banks and asset managers such as UBS, ANZ, DBS, BNP Paribas Securities Services, Schroders, Wellington Management, and Vontobel.
The global cost of corporate actions processing exceeds $58 billion annually. Informal disclosures, repetitive validation steps, and inconsistent data across systems cause delays and increase the risk of errors, raising the average cost to $34 million per event, according to Citi.
Blockchain and Traditional Markets
The project’s initial phase already demonstrated that combining oracles with language models can structure data from informal corporate action announcements and publish a unified record on-chain, significantly reducing complexity and processing times.
The new infrastructure uses the Chainlink Runtime Environment (CRE) to process and validate data, while the Cross-Chain Interoperability Protocol (CCIP) distributes records to connected blockchains, including the DTCC ecosystem. Validated information is converted into ISO 20022 messages, ensuring compatibility with traditional financial infrastructure and providing transparency and consistency for asset managers.
Chainlink Prepares for Phase 2
Phase 2 of the project will introduce improvements to address 24–48 hour delays in data delivery, prevent information loss, and avoid fragmentation caused by multiple formats and channels. A data attestor role will be implemented, enabling regulated institutions to verify data accuracy, and integration of missing information, often excluded from initial disclosures, will be supported.
The system will expand to cover more complex corporate actions, such as stock splits, with recording and attestation across all market participants. The initiative aims to increase the speed, reach, and accessibility of information, reducing costs and errors while strengthening interoperability between blockchains and traditional financial infrastructure.
Chainlink aims for this infrastructure to transform corporate actions management, providing financial institutions with a standardized, reliable, and auditable data flow
