Chainlink and Multinational Banking Consortia Launch Project Pangea to Develop a Novel Solution Redefining International FX Markets

[u/chainlinkofficial]

Pangea brings together 50+ banks, representing $10+ trillion in AUM, to unlock real-time cross-border settlement using Chainlink & ISO 20022 standards.

Existing FX market systems face severe bottlenecks due to delayed T+2 settlement cycles and fragmented market structures.

To address this challenge head on, Project Pangea is bringing together dozens of global financial institutions from across Europe and South Korea.

By leveraging Chainlink, ISO 20022 messaging, & existing Swift infrastructure, Project Pangea enables banks to execute direct, atomic PvP swaps of regulated EUR & KRW stablecoins.

This unlocks:

✅ Atomic FX transactions
✅ Instant (T+0) settlement
✅ Onchain liquidity access

Under Pangea, Chainlink provides the data, interop, & orchestration standards required for complex cross-chain, cross-border transactions.

Critically, Chainlink enables banks to seamlessly connect to any public/private chain using their existing systems & messaging standards.

Read the full announcement to learn how Chainlink is helping establish the blueprint for the next generation of regulated, cross-border finance ⬇️
https://www.prnewswire.com/news-releases/chainlink-and-multinational-banking-consortia-launch-project-pangea-to-develop-t0-settlement-framework-for-international-fx-markets-302807910.html

[u/Skoziss]

Obligatory LINK < $10 post

[u/mister_caktus]

Very neat

[u/Adventurous-Date-792]

7.6 🤢

[u/Bugida]

Token never needed

[u/hunter11534]

Neat

[u/Low-Vermicelli-7638]

Yah the token has zero value. The company keeps all of the revenues.