Chainlink Launches Pangea with 37 European Banks to Enable Real-Time T+0 FX Settlement

According to ChainCatcher, Chainlink announced the launch of Pangea, a cross-border foreign exchange settlement project developed with FairSquareLab, UniKA, and Qivalis. The initiative involves 37 leading European banks and more than a dozen South Korean banks, with participating institutions collectively representing over $10 trillion in assets under management.

The project aims to enable real-time T+0 settlement for euro and won-pegged stablecoins, replacing the traditional T+2 settlement model. Pangea will leverage Chainlink's data, interoperability, and orchestration standards alongside FairSquareLab's on-chain FX settlement technology to facilitate direct atomic transactions between compliant digital assets.