Corporate actions, the mundane-sounding category that covers dividends, mergers, stock splits, and other events that companies inflict on their shareholders, costs the global financial industry an estimated $58 billion per year. That number is climbing by 10% annually. Chainlink just showed up with receipts suggesting it can fix the problem.
The oracle network announced the results of Phase 2 of its corporate actions initiative on September 29, 2025, revealing that a coalition of 24 major financial institutions achieved near-100% consensus on corporate actions data processed through a combination of AI models and blockchain infrastructure. The participants read like a who’s-who of global finance: Swift, DTCC, Euroclear, UBS, DBS Bank, and BNP Paribas Securities Services, among others.
Why corporate actions are a $58 billion headache
When a company announces a stock split or a dividend, that information needs to flow accurately across thousands of institutions, custodians, and brokers. A single corporate event can generate costs as high as $34 million and involve over 110,000 interactions among firms.
The reason it’s so expensive is almost embarrassingly simple: less than 40% of corporate actions processing is automated. In English, that means humans are still manually extracting data from PDFs, press releases in different languages, and regulatory filings, then typing it into systems.
