Chainlink everywhere Project PAX is an industry initiative involving major financial institutions, including Shinhan Bank, NH NongHyup Bank, K Bank in South Korea, Progmat, and leading banks across Japan, to advance stablecoin interoperability across blockchains and existing financial systems throughout Asia.
FairsquareLab, a digital asset infrastructure provider collaborating with top financial institutions across Asia, has entered into a strategic partnership with Chainlink and is integrating CCIP into Phase 2 of Project PAX. Project PAX is an industry initiative involving major financial institutions, including Shinhan Bank, NH NongHyup Bank, K Bank in South Korea, Progmat, and leading banks across Japan, to advance stablecoin interoperability across blockchains and existing financial systems throughout Asia. By integrating CCIP to power its remittance infrastructure and enable real-time cross-chain and cross-network stablecoin transfers, Project PAX gains enhanced interoperability, security, and seamless integration with existing financial systems.
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