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📈 Firms are stuck spending $58 billion a year because of a data problem from the 1980s.
But a coalition of banks and financial market infrastructure providers—including Swift, Euroclear, and UBS—proved that AI and Chainlink can solve this decades-old problem.
Every time a publicly traded company does something big, like a stock split, a merger, or a dividend payout, it triggers a "corporate action".
There are over 3.7 million of these events in the U.S. alone every year.
And the way banks process them is primed for an upgrade.
46% of this data is still processed manually. Analysts read PDF documents full of complex jargon and copy-paste them into their systems. This data is unstructured, meaning…
This leads to the average corporate action event encountering over 110,000 firm interactions and costing $34 million to process.
This system costs the global financial industry an estimated $58 billion annually in processing costs, errors, and delays.
Enter AI and Chainlink Decentralized Oracle Networks
For decades, the industry tried to implement standardized communication formats. It failed every time.
Forcing thousands of global companies to change how they operate was never the solution.
So, Chainlink and 24 of the world’s largest financial institutions took a different approach. Instead of changing the input, they transformed the output.
Here’s how the $58 billion problem was solved:
AI Extracts: Large Language Models (like ChatGPT, Gemini, and Claude) read the unstructured PDFs and extract the key data.
Oracles Verify: Chainlink Decentralized Oracle Networks (DONs) intake this data from multiple AIs, verify it, and come to consensus on a single trusted answer.
Blockchains Record: The verified data is published onchain as a "Onchain Golden Record"—a single, verifiable, immutable source of truth.
By combining AI and Oracles, the risk of "AI hallucinations" was mitigated, achieving 100% consensus across all evaluated corporate actions.
Why This Changes Everything For The Crypto Ecosystem
Why does this matter for the crypto?
It matters because tokenized assets cannot scale without verified corporate actions data made accessible onchain. For tokenized equities to work across public and private blockchains, smart contracts need to know when a stock splits or a dividend is paid.
Without oracles, tokenized stocks are just incomplete, static tokens. With oracles, they become reliable, dynamic financial instruments capable of automated transactions and real-time settlement.
Key industry leaders like DTCC, Euroclear, Swift, and BNP Paribas are leveraging Chainlink to both extract accurate, verifiable data and distribute the records across different blockchains simultaneously.
This showcases how the existing financial system is plugging into onchain infrastructure to create a more efficient and reliable global financial system.
The Onchain Future is Here
The foundation of the new financial system is being built right now.
AI collects data from the real world. Oracles verify it. Blockchains secure it.
The corporate actions initiative led by Chainlink is just the beginning of major changes coming to the global financial system. Once Onchain Golden Records (OGRs) become the de facto standard for tokenized assets, other financial instruments will follow.
The LINK between traditional finance and Web3 is here: Chainlink.
🔗 https://twitter.com/chainlink/status/2043675984524685797