Deniz 
Supported by JP Morgan, Standard Chartered, and Temasek, Partior, a blockchain settlement network and financial services company, announced on July 12 the successful closing of a $60 million series B investment round headed by Peak XV Partners.
Valor Capital Group and Jump Trading Group provided round-round assistance; DBS, JP Morgan, Standard Chartered, and Temasek continued support.
A blog post from Partior claims that the money will help to enable the company’s worldwide unified ledger, a blockchain-based bridge allowing real-time, cross-border, multi-currency clearing and settlement for banks and payment service providers.
In line with Partior: “This new round of funding will enable the advancement of new capabilities like Intraday FX swaps, Cross-currency repos, Programmable Enterprise Liquidity Management, and Just-in-Time multi-bank payments. The investment will significantly support Partior’s international network growth and the integration of additional currencies, including AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR, into its network. Partior is currently live with USD, EUR and SGD.”
JP Morgan, DBS, and Sematek launched Partior in Singapore in 2021 with the aim of lowering friction and delays for trade transactions and foreign exchange settlements, thus facilitating cross-border payments.
Peak XV Partners, a group created out of Sequoia Capital in June 2023 in an effort aimed at distributing the corporation’s activities, led the last fundraising round for the company. Peak XV Partners stands for the arm of the erstwhile corporation representing India and southeast Asia.
Peak XV’s Managing Director Shailendra Singh said Partior’s goal was ambitious and expressed enthusiasm over the fundraising round in a blog post: “Partior is an extremely ambitious attempt to transform global money transfer and settlement amongst banks. It’s a unique approach where multiple banks have come together to catalyse change in this industry. We couldn’t be more excited to join DBS, J.P. Morgan, Standard Chartered and Temasek, as co-shareholders in this journey.”
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.