Chainlink reaches Swift Hackathon final with tokenized equity compliance solution

Chainlink has built a system that automates dividend payments for tokenized equities across four blockchains, and it showcased the work at the Swift Hackathon. The project focuses on corporate actions, the umbrella term for events a company initiates that change something for its shareholders. Dividends are the most familiar example. Stock splits and mergers are others. In traditional markets, these events flow through a chain of custodians, transfer agents and data vendors. Each one reads the announcement, interprets it and passes it along. Errors creep in at every handoff. Chainlink’s solution takes one piece of that process, dividend payments, and automates it across four separate blockchains. That multi-chain angle matters. Tokenized assets do not live on one network. If an issuer puts the same equity token on several chains, every holder needs to get paid correctly, no matter where their token sits. Chainlink’s tokenized equity data feeds already handle part of this puzzle. The feeds adjust for events like dividends and mergers so that tokenized versions of traditional assets carry accurate prices. They rely on a mechanism called a uiMultiplier for dividend adjustments, which ...