DeutschA collaboration rarely seen even by seasoned market observers: The blockchain company Chainlink has introduced a new system that combines artificial intelligence and distributed ledger technology – and several financial heavyweights are already testing it. According to a company statement, cited by Turkish business media, among others, SWIFT, Euroclear, and the US settlement institution DTCC are among the first testers.
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Chainlink, long since a household name in the crypto sector, thus positions itself as a technical interpreter between traditional finance and the tokenized world. The idea behind the new model is simple yet radical: Processes that usually take days are to be automated, standardized, and fed directly into the systems of financial giants with the help of AI. These include dividend settlements, M&A communications, or stock splits – precisely those corporate actions that typically involve Excel spreadsheets, lawyers, and anxious back offices.
Chainlink Launches Financial Experiment with Major Players
The foundation of this is the so-called Chainlink Runtime Environment (CRE). There, the AI first controls and validates the relevant information. Subsequently, they are translated into ISO 20022-compatible messages – a format that is standard in international payment and trade transactions. Reliability instead of copy-paste chaos is the goal. The routing to the various blockchain ecosystems is handled by the in-house Cross-Chain Interoperability Protocol (CCIP), which has already been piloted in previous projects with banks.
A look at the numbers shows that Chainlink is not just building castles in the air with this offensive. According to a recent Citibank report, corporate financial processes worldwide consume around $58 billion annually – and more than 60 percent of them are still manual. The combination of AI and blockchain promises nothing less than to revolutionize and rebuild this industry. Error-prone processes are to disappear, and communication chains are to be massively shortened.
The list of test partners reads like a seating plan at a World Economic Summit. In addition to the aforementioned settlement centers, UBS, BNP Paribas, ANZ, Wellington Management, and DBS Bank are also on board. That the industry is apparently no longer content with laboratory experiments was already hinted at in the summer: Back then, Chainlink agreed with the US Department of Commerce on a cooperation for processing data via blockchain. The term “Oracle,” for decades more associated with corporations like SAP, thus gains a second technical meaning.
AI Meets Crypto
The political subtext is exciting. While regulators worldwide are still sorting out their relationship with crypto assets, a hybrid infrastructure is quietly emerging in which tokenization plays only a minor role. It’s not about speculation, but about automation, standardization, and control. This, in turn, should interest not only efficiency fanatics but also those who wonder who will filter data streams in the future and who will own the architecture.
A final result of the tests is not yet available, but the fact that institutions like SWIFT or Euroclear are participating at all is a clear indication. When in doubt, mundane calculations decide more than political visions. When days shrink to minutes and error rates to footnotes, even notoriously cautious banks raise an eyebrow – and sometimes pull the plug on old systems.
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Chainlink currently appears like a startup in a tailored suit: technically nerdy enough for the crypto scene, but now courted by financial institutions who rarely invest out of mere enthusiasm. The coming months will show whether the project produces another buzzword – or whether the industry will truly end its Excel era. (mck)
