Chainlink is providing a deeper look into its attempts at improving the global financial industry by inking deals with the largest market infrastructure providers, such as DTCC, Swift, and Euroclear, among others, as well as major banks UBS, DBS Bank, BNP Paribas’ Securities Services, and more.
On Monday, the crypto oracle announced the completion of the second phase of its pilot program to reduce inefficiencies in everything from data processing to other corporate actions. The program used large language models — including OpenAI’s GPT, Google’s Gemini, and Anthropic’s Claude — to feed structured data into a “unified golden records onchain,” serving a “source of truth” for all participants.
The move marks the “second phase of an industry initiative to standardize and streamline corporate actions processing using a combination of the Chainlink oracle platform, blockchain technology, and artificial intelligence (AI),” according to the release.
Chainlink is a decentralized oracle network that enables smart contracts on blockchain platforms to securely interact with real-world data, APIs, and payment systems. The system theoretically saves 10s of billions of dollars in processing costs annually by reducing settlement errors, producing faster reconciliations, and lowering operational risk for financial institutions.
The problem of speed and execution is increasingly acute for legacy operations. In one study cited in Monday’s press release, Citi found that the average corporate action event touches more than 110,000 firm interactions and costs $34 million to process, “with 75% of market participants still relying on manual data revalidation.”
In contrast, running the Chainlink Runtime Environment “orchestrated the validation of multiple AI model outputs” that were then transmitted to the Swift Network using an ISO 20022-compliant messaging format that should be recorded and cryptographically attested on DTCC’s blockchain ecosystem as well as additional public and private networks,” not only creating verifiable records, “100% data consensus,” but enabling broader global coverage.
ANZ, Wellington Management, Schroders, Zürcher Kantonalbank, Vontobel, CTBC Bank, Causeway Capital Management, Sygnum Bank, AMINA Bank, and Zand Bank were also part of the study.
Perhaps most notably, the study produced early results for asset tokenization, an accelerating part of the crypto ecosystem, where financial institutions look to move traditional assets — from equities to real estate title — onchain.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
