Chainlink has rolled out an Industry Standard of Corporate Actions aimed at bringing traditionally fragmented corporate events on-chain, a move the protocol calls an industry milestone.

The initiative targets core corporate actions — including dividends and stock splits — and seeks to streamline processes that today are operationally intensive and costly for financial institutions.

The rollout involves partnerships with 24 global financial organizations, among them Euroclear, DTCC and Swift. Chainlink’s solution intends to replace manual data revalidation and multi-party reconciliation with validated, unified golden records distributed across DTCC’s AppChain environment.

According to the announcement, current corporate-action workflows generate roughly $58 billion in annual costs, with an average cost of $34 million per event, more than 110,000 firm interactions per event and persistent delays in confirmation due to the lack of a single verified source of truth. The new on-chain standard is designed to deliver 100% data accuracy and faster, auditable distribution of corporate-event data to industry participants.

Market reaction to the news has been positive for LINK. The Chainlink token climbed 1.54% in the past 24 hours and was trading near $21.61 at the time of writing. That short-term uptick contrasts with recent weakness: LINK is down about 0.31% over seven days and around 9.24% across the last 30 days.

The announcement has sparked bullish sentiment around the ecosystem, with expectations that improved institutional workflows could drive further interest in Chainlink’s oracle and data services.

Bringing corporate actions on-chain represents a meaningful step toward tighter integration between legacy financial infrastructure and blockchain systems. Execution will be watched closely by both institutional partners and crypto market participants as the industry evaluates whether standardized on-chain corporate data can tangibly reduce costs and operational risk.