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Pangea is a customizable, decentralized indexing protocol. It enables builders to create applications faster by collecting and customizing data in minutes. To achieve high levels of customization, Superchain uses toolboxes to create composable modules for use cases such as DeFi and gaming. Additionally, it provides an open and decentralized protocol, which gives users complete control and ownership of their data. Pangea is a comprehensive solution that caters to a wide range of use cases, from financial data in DeFi to gaming data.
Chainlink launches Pangea project with consortium of global banks, exploring stablecoin-based FX T+0 settlement
Chainlink announced the launch of the Pangea project in collaboration with FairSquareLab, UniKA, and the euro stablecoin alliance Qivalis, aimed at exploring real-time cross-border foreign exchange settlement models based on stablecoins.According to reports, UniKA's steering committee includes Shinhan Bank, JB Bank, Kbank, FairSquareLab, and OBDIA, with participation from over a dozen Korean commercial banks; Qivalis is supported by 37 leading European banks. Collectively, these institutions represent over $10 trillion in assets under management.The Pangea project will leverage Chainlink's data, interoperability, and orchestration standards, along with FairSquareLab's on-chain FX settlement technology, to enable direct atomic transactions between compliant fiat-pegged digital assets, including the Euro and Korean Won. It aims to drive the transition of the foreign exchange market from traditional T+2 settlement to a T+0 real-time settlement model.
Chainlink Partners with 47 European and Korean Banks to Advance Project Pangea, Aiming for Real-Time Cross-Border Stablecoin Settlement Within One Year
According to CoinDesk, blockchain infrastructure company Chainlink has announced its participation in Project Pangea—a consortium formed by Qivalis, a European stablecoin consortium backed by 37 European banks, and UniKA, the Korean banking alliance representing over 10 commercial banks—collectively managing assets exceeding $10 trillion. The project targets the economic corridor between Europe and Korea, which sees annual trade exceeding $15 billion, aiming to reduce foreign exchange settlement cycles from the traditional T+2 (48 hours) to T+0 (near real-time) using regulated euro- and won-pegged stablecoins, and employing atomic PvP (payment-versus-payment) settlement to mitigate counterparty risk. Chainlink will serve as middleware, translating legacy SWIFT instructions into instant atomic swaps on-chain—without requiring banks to replace their existing payment infrastructure. The project aims to achieve live, compliant transactions within 12 months.
Chainlink launches Pangea project with consortium of global banks, exploring stablecoin-based FX T+0 settlement
Chainlink announced the launch of the Pangea project in collaboration with FairSquareLab, UniKA, and the euro stablecoin alliance Qivalis, aimed at exploring real-time cross-border foreign exchange settlement models based on stablecoins.According to reports, UniKA's steering committee includes Shinhan Bank, JB Bank, Kbank, FairSquareLab, and OBDIA, with participation from over a dozen Korean commercial banks; Qivalis is supported by 37 leading European banks. Collectively, these institutions represent over $10 trillion in assets under management.The Pangea project will leverage Chainlink's data, interoperability, and orchestration standards, along with FairSquareLab's on-chain FX settlement technology, to enable direct atomic transactions between compliant fiat-pegged digital assets, including the Euro and Korean Won. It aims to drive the transition of the foreign exchange market from traditional T+2 settlement to a T+0 real-time settlement model.
Chainlink collaborates with 47 South Korean and European banks to advance stablecoin cross-border settlements
Chainlink has launched Project Pangea in collaboration with FairSquareLab, a South Korean digital asset infrastructure company, UniKA, a coalition of over a dozen South Korean commercial banks, and Qivalis, a euro stablecoin alliance backed by 37 European banks.The project aims to bring together financial institutions from Europe and South Korea to assess the feasibility of direct atomic swap settlements using euro- and won-denominated stablecoins, leveraging Chainlink’s data infrastructure and FairSquareLab’s on-chain foreign exchange settlement technology. Currently operating as a working group, the project has not yet announced an implementation timeline for production deployment. Separately, fintech startup OpenFX recently raised $94 million to expand its stablecoin-based payment network. (Cointelegraph)
Chainlink Partners with 47 European and Korean Banks to Advance Project Pangea, Aiming for Real-Time Cross-Border Stablecoin Settlement Within One Year
According to CoinDesk, blockchain infrastructure company Chainlink has announced its participation in Project Pangea—a consortium formed by Qivalis, a European stablecoin consortium backed by 37 European banks, and UniKA, the Korean banking alliance representing over 10 commercial banks—collectively managing assets exceeding $10 trillion. The project targets the economic corridor between Europe and Korea, which sees annual trade exceeding $15 billion, aiming to reduce foreign exchange settlement cycles from the traditional T+2 (48 hours) to T+0 (near real-time) using regulated euro- and won-pegged stablecoins, and employing atomic PvP (payment-versus-payment) settlement to mitigate counterparty risk. Chainlink will serve as middleware, translating legacy SWIFT instructions into instant atomic swaps on-chain—without requiring banks to replace their existing payment infrastructure. The project aims to achieve live, compliant transactions within 12 months.
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Chainlink launches Pangea project with consortium of global banks, exploring stablecoin-based FX T+0 settlement
Chainlink announced the launch of the Pangea project in collaboration with FairSquareLab, UniKA, and the euro stablecoin alliance Qivalis, aimed at exploring real-time cross-border foreign exchange settlement models based on stablecoins.According to reports, UniKA's steering committee includes Shinhan Bank, JB Bank, Kbank, FairSquareLab, and OBDIA, with participation from over a dozen Korean commercial banks; Qivalis is supported by 37 leading European banks. Collectively, these institutions represent over $10 trillion in assets under management.The Pangea project will leverage Chainlink's data, interoperability, and orchestration standards, along with FairSquareLab's on-chain FX settlement technology, to enable direct atomic transactions between compliant fiat-pegged digital assets, including the Euro and Korean Won. It aims to drive the transition of the foreign exchange market from traditional T+2 settlement to a T+0 real-time settlement model.
Chainlink collaborates with 47 South Korean and European banks to advance stablecoin cross-border settlements
Chainlink has launched Project Pangea in collaboration with FairSquareLab, a South Korean digital asset infrastructure company, UniKA, a coalition of over a dozen South Korean commercial banks, and Qivalis, a euro stablecoin alliance backed by 37 European banks.The project aims to bring together financial institutions from Europe and South Korea to assess the feasibility of direct atomic swap settlements using euro- and won-denominated stablecoins, leveraging Chainlink’s data infrastructure and FairSquareLab’s on-chain foreign exchange settlement technology. Currently operating as a working group, the project has not yet announced an implementation timeline for production deployment. Separately, fintech startup OpenFX recently raised $94 million to expand its stablecoin-based payment network. (Cointelegraph)
Chainlink Partners with 47 European and Korean Banks to Advance Project Pangea, Aiming for Real-Time Cross-Border Stablecoin Settlement Within One Year
According to CoinDesk, blockchain infrastructure company Chainlink has announced its participation in Project Pangea—a consortium formed by Qivalis, a European stablecoin consortium backed by 37 European banks, and UniKA, the Korean banking alliance representing over 10 commercial banks—collectively managing assets exceeding $10 trillion. The project targets the economic corridor between Europe and Korea, which sees annual trade exceeding $15 billion, aiming to reduce foreign exchange settlement cycles from the traditional T+2 (48 hours) to T+0 (near real-time) using regulated euro- and won-pegged stablecoins, and employing atomic PvP (payment-versus-payment) settlement to mitigate counterparty risk. Chainlink will serve as middleware, translating legacy SWIFT instructions into instant atomic swaps on-chain—without requiring banks to replace their existing payment infrastructure. The project aims to achieve live, compliant transactions within 12 months.
SK Hynix's Expected Investment Returns on Kioxia Equity Exceed $75 Billion
Odaily News: Citrini analyst jukan stated on platform X that SK Hynix is estimated to have realized a gain of 40 trillion Korean won, approximately $26.46 billion, by selling Kioxia equity through Bain Capital. SK Hynix still holds a 14% to 15% stake in Kioxia in the form of convertible bonds. Based on Kioxia's current market capitalization, the remaining equity value is approximately 7.9 trillion Japanese yen, roughly $49.2 billion.BCPE Pangea Cayman 1A has sold a total of 33.49 million shares through over-the-counter transactions, including 11.7 million shares (a 2.14% stake) on April 16, 3.27 million shares (a 0.60% stake) on June 4, and 18.52 million shares (a 3.39% stake) on June 11. The transaction on June 11 was settled through physical delivery on June 15, reducing the entity's stake from 3.99% to 0%.Currently, only BCPE Pangea Cayman 2, Ltd. holds Kioxia common stock, with a total of 77.4 million shares, which is considered to represent SK Hynix's holdings. Bain Capital's investment is regarded as one of the most profitable transactions in private equity history. Kioxia's stock price has surged over 5,000% since its listing, with a year-to-date increase of 700%.