Shawn Lee retweetledi

Another day, another proof point of Chainlink powering real-world TradFi use cases 🏦
@Chainlink and a coalition of 50+ global banks, representing $10T+ in AUM, are coming together to launch Project Pangea and unlock real-time T+0 atomic settlement for the international FX market
With Pangea, banks can swap regulated $EUR and $KRW stablecoins directly via Payment vs Payment (PvP) settlement, with no intermediary bridge currency like $XRP needed
Pangea leverages Chainlink for data, cross-chain, and orchestration, alongside Swift connectivity and ISO 20022 messaging, collapsing today’s T+2 cycle into instant cross-border, multi-chain settlement
Within the Chainlink ecosystem, enterprise revenue and service fees are programmatically converted to $LINK and stored in the Chainlink Reserve

Chainlink@chainlink
NEW: Chainlink & multinational banking consortia launch Project Pangea to develop a novel solution redefining international FX markets. Pangea brings together 50+ banks, representing $10+ trillion AUM, to unlock T+0 cross-border settlement via Chainlink & ISO 20022 standards 🧵
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