Apr 24, 09:48 PM

Swift and Chainlink Collaborate with Euroclear, UBS on Project CALM Using AI to Modernize Corporate Actions

Swift has highlighted its collaboration with Chainlink and several key market participants, including Euroclear, UBS, Franklin Templeton, Wellington Management, CACEIS, Vontobel, and Sygnum Bank, on Project CALM. This initiative aims to modernize corporate actions such as mergers, dividends, and stock splits by leveraging blockchain technology, oracles, and large language models (LLMs) to create unified, on-chain golden records. Duygu Kaya, Swift’s Capital Markets Strategy Director, noted that the project seeks to address persistent challenges in the industry, including data fragmentation and manual processing, by streamlining corporate action reporting through AI and blockchain integration.