Chainlink and SWIFT Target $58B Corporate Action Gap
Chainlink, SWIFT, and global institutions launch a blockchain solution to fix $58B inefficiencies in corporate actions.
- Chainlink and SWIFT lead blockchain pilot for corporate actions
- $58B inefficiency in current systems targeted
- Institutions test blockchain for faster, accurate settlements
Corporate actions, like dividend payments, stock splits, and mergers, play a major role in global finance. Yet, managing these events has long been bogged down by inefficiencies, miscommunication, and delays. According to estimates, the lack of streamlined processes costs institutions around $58 billion every year.
Now, Chainlink and SWIFT, alongside major financial institutions, are piloting a blockchain-based solution to tackle this long-standing problem. By leveraging smart contracts and decentralized infrastructure, the project aims to make corporate actions more accurate, automated, and transparent.
How the Solution Works
Chainlink provides secure data feeds, while SWIFT connects financial institutions globally. Together, they are testing a system where corporate actions can be automatically executed and verified on blockchain networks.
Instead of relying on fragmented systems and manual updates, corporate actions would be shared across participants in real time, reducing errors and improving trust between institutions. This could mean faster settlement, fewer disputes, and lower costs for global markets.
What This Means for the Industry
The move signals a shift in how traditional finance views blockchain technology. By focusing on a real-world inefficiency costing billions, Chainlink and SWIFT highlight blockchain’s potential beyond cryptocurrencies.
If successful, this blockchain-powered system could set a precedent for broader adoption in other financial processes, from bond issuance to regulatory reporting. For institutions and investors alike, it may represent a future of faster, cheaper, and more reliable financial operations.
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