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@Chainlink and 24 of the world's largest financial institutions announce a global corporate actions initiative to solve a $58B+ challenge using the Chainlink platform, blockchains, and AI
Building on the work achieved in the first phase, this new development brings unparalleled data accuracy, ISO 20022 messaging functionality via Swift, and DTCC AppChain connectivity
Bringing corporate actions data onchain establishes the foundation for tokenizing all the world's public equity onto public/private blockchains
The total list of participants in the initiative include:
Swift
DTCC
Euroclear
SIX
UBS
DBS Bank
BNP Paribas
ANZ
TMX
CEVALDOM
Grupo BMV
ADDX
Orbix Technology
Marketnode
Wamid
Wellington Management
Schroders
Zürcher Kantonalbank
Vontobel
CTBC Bank
Causeway Capital Management
Sygnum Bank
AMINA Bank
Zand Bank
The Chainlink Runtime Environment (CRE)Â was used to orchestrate the validation of multiple AI model outputs and transform the confirmed results into ISO 20022-compliant messages, which were then transmitted to the Swift Network
In parallel, Chainlink CCIP distributed these same confirmed records across DTCC's blockchain ecosystem and additional public/private blockchains
New roles for data attestors and contributors were also introduced to cryptographically attest to data accuracy and contribute to any missing data fields, creating a verifiable chain of custody across the lifecycle of each corporate action
🔗 Links in the next tweet 🔗

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