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Chainlink to Review Euro/Won T+0 Settlement Framework

  • Project Pangea was announced June 23 in Zurich by Chainlink, PairSquare Labs, Qivalis (a European bank consortium), and UniKA (a South Korean bank alliance).
  • UniKA's steering committee includes Shinhan Bank, JB Financial Group, K bank, PairSquare Labs, and OBDIA, with more than 10 South Korean commercial banks participating overall.
  • Qivalis comprises 37 European banks; the initiative remains at the framework-development stage rather than an operational settlement network.

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