Chainlink and 24 banks tackle $58 billion data crisis with AI

Chainlink is working with Swift, UBS, and 24 other financial firms to automate corporate actions, tackling a reported $58 billion data problem in global finance. The collaboration was announced on April 13, 2026, marking a significant push of blockchain technology into core traditional finance operations.

"This collaboration aims to bridge the gap between traditional financial assets and blockchain technology, creating a more efficient and transparent market for corporate actions," a Chainlink Labs representative said.

The partnership will use Chainlink's AI-powered oracles to process and verify corporate action data, a process currently plagued by inefficiencies costing the industry an estimated $58 billion annually. The collaboration includes major market infrastructure providers like Swift and Euroclear, suggesting a broad-based initiative to standardize data across the financial sector. The use of AI is intended to help interpret and structure unstructured data from various sources into a machine-readable format.

The move is a significant step for the Real-World Asset (RWA) tokenization sector, potentially unlocking institutional demand for oracle services and strengthening the link between digital assets and traditional finance. For Chainlink ($LINK), the validation of its technology by established players like Swift and UBS could unlock significant demand for its oracle services. This development strengthens the entire RWA narrative, which could attract substantial institutional investment into the Web3 space and positively impact other infrastructure projects.

This article is for informational purposes only and does not constitute investment advice.