Chainlink announced the launch of Project Pangea. This is a project for cross-border currency settlements, supported by 47 banks from South Korea and Europe. Together, they manage assets totaling more than $10 trillion.
In Project Pangea Chainlink is working together with two banking associations, Qivalis and UniKA. Qivalis includes 37 European banks, while UniKA brings together more than ten banks from South Korea.
What Is Project Pangea?
Project Pangea aims to speed up international currency settlements. Currently, such operations are often closed under the T+2 scheme, meaning the final completion of the transaction takes about two days. The project team wants to move to T+0, where settlements are processed almost instantly.
To do this, regulated stablecoins pegged to the euro and South Korean won will be used.
The main focus of the project is the trade corridor between Europe and South Korea. More than $150 billion worth of goods and services pass through it every year. This is one of the 15 largest trade routes in the world.
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Fast settlements are ensured by the atomic payment-versus-payment settlement mechanism. Simply put, both sides of a currency deal receive settlement at the same time. If one side does not fulfill its part, the deal does not go through at all. This reduces the risk that one participant has already sent money, but the other has not made the counter transfer.
European banks are not abandoning their usual infrastructure. They will still be able to launch operations through Swift, which banks have used since the 1970s. Then the Chainlink technology will convert these messages into on-chain transactions. Processing will take place in a separate network, the Pangea L1 Network.
Chainlink’s Vice President for Asia-Pacific and the Middle East, Niki Ariyasinghe said that the first real transactions in Project Pangea are planned to launch within the next 12 months.
LINK Price Has Not Yet Caught Up With Chainlink News
Chainlink is gaining more partners among major financial companies, but this is hardly reflected in the LINK price.
In May, it became known that DTCC chose Chainlink Runtime Environment for its Collateral AppChain platform. It is needed for automatic collateral assessment, margin calculation, and uninterrupted settlements. In 2025, about $4.7 quadrillion in securities transactions went through DTCC.
Earlier, Robinhood chose Chainlink as the oracle provider for Robinhood Chain, its layer-two network based on Ethereum and Arbitrum.
In the first quarter of 2026, Amundi and Spiko also used Chainlink technology. They launched a tokenized mutual fund that raised more than $400 million in assets in three weeks.
There are other examples as well. In December 2025, Chainlink worked with 24 financial organizations, including DTCC, Swift, Euroclear, UBS and BNP Paribas. Together, they created infrastructure for processing corporate actions. Currently, such processes cost the financial industry about $58 billion per year.
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In 2026, Chainlink received another important boost. SEC and CFTC jointly recognized LINK as a digital commodity. In April, the project also appeared in the AWS Marketplace, so developers gained access to Chainlink’s data feeds, streaming data, and reserve proof tools.
But the token itself is still moving slowly. For most of 2026, LINK traded in the $8 to $10 range. At the end of April, the price was about $9.23. Over the month, the token rose by 9.5%, but compared to last year it was still down by 36.6%.
It is also far from its all-time high. In May 2021, LINK reached $52.70. Now the token remains about 82% below that level.
There is still some interest from investors. Inflows into spot ETF on LINK rose from $10.82 million in March to $11.08 million in April. This is the first monthly increase since December, when the figure reached $59.16 million.
As a result, a strange picture is emerging around Chainlink. The project’s technologies are increasingly being used by banks, funds, and infrastructure companies, but the market is in no hurry to price this into LINK.
According to Chainlink, its infrastructure has already processed more than $28 trillion in transaction volume. The Cross-Chain Interoperability Protocol moves tokens worth about $90 million every week. And the volume of tokenized real-world assets created using Chainlink reached $27 billion in 2026.
