Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B
Blockchain payment network Partior has raised $60 million in a Series B funding round. The round was led by Peak XV Partners and included contributions from Valor Capital Group, Jump Trading Group, JPMorgan, Standard Chartered, and existing investor Temasek. Partior is a joint venture between DBS, JPMorgan, and Standard Chartered, aiming to establish a unified blockchain-based interbank payment system for instant clearing and settlement. The newly raised capital will be used to enhance Partior's capabilities in intraday foreign-exchange swaps and cross-currency repurchases. Blockchain technology is increasingly being used to expedite banking processes, with JPMorgan's Onyx network settling hundreds of billions of dollars of transactions since its launch.
