Topic: #settlement
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Chainlink's Project Pangea enables T+0 FX settlement, eliminating business-day delays
Chainlink unveiled Project Pangea, a consortium of 50+ banks across 16 countries, to test instant T+0 settlement for cross-border foreign exchange trades using blockchain infrastructure and regulated stablecoins. The initiative targets the EUR-KRW corridor and aims to execute live transactions within 12 months.
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Hana Bank issues $100M digital bond with T+0 settlement on Euroclear blockchain
South Korea's Hana Bank completed a $100 million foreign-currency digital bond on Euroclear's blockchain platform with T+0 settlement, eliminating the traditional three-to-five-day cycle and marking the first such transaction by a Korean commercial bank.