TLDR Tech / Crypto
Chainlink Launches Project Pangea T+0 FX Settlement
Chainlink and a consortium of more than 50 banks across 16 countries launched Project Pangea at the Point Zero Forum in Zurich, aiming to deliver T+0 atomic settlement for the $9.6 trillion-a-day global FX market. The system routes transactions across Chainlink's CCIP, Swift's existing messaging infrastructure, and regulated EUR and KRW stablecoins, allowing participating institutions to settle cross-border currency trades in real time rather than the current T+2 cycle. Collapsing a two-day settlement window to same-day eliminates the intraday counterparty exposure and capital lockup that financial institutions currently absorb between trade execution and final settlement. The breadth of the consortium, linking 50+ regulated banks to a blockchain-native settlement layer via Swift rails, marks the largest coordinated institutional deployment of Chainlink's cross-chain infrastructure to date.
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