Chainlink Launches AI-Powered Platform With 24 Firms to Cut $58B Corporate Actions Costs
Chainlink announced a new AI-powered blockchain platform developed in collaboration with 24 financial institutions to improve the speed and accuracy of corporate actions processing. The initiative is pitched as a way to slash an estimated $58 billion in annual industry costs by automating event handling, entitlements and reconciliation that are today often manual and error-prone.
The project matters because corporate actions—dividends, mergers and other security events—are a persistent source of operational friction for custodians, asset managers and brokers. Combining AI with distributed ledger verification could reduce disputes, accelerate post-trade workflows and ease regulatory reporting, while presenting integration and standardization challenges for legacy systems. The consortium approach increases the chance of adoption and positions Chainlink beyond decentralized oracles toward broader enterprise fintech infrastructure.