blockchain

Partior Raises $60 Million in Series B Funding to Expand Blockchain-based Interbank Payment Rails

The Big Whale

— 1 min read
  • Partior, a joint venture between DBS, JPMorgan, and Standard Chartered, raised $60 million for blockchain-based interbank payment rails.
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Summary :
Partior, a joint venture between DBS, JPMorgan, and Standard Chartered, has raised $60 million in Series B funding to expand its blockchain-based interbank payment rails. The investment was led by Peak XV Partners, with contributions from Valor Capital Group and Jump Trading Group. The funding will be used to enhance Partior's capabilities in intraday foreign-exchange swaps and cross-currency repurchases. This move comes as the use of blockchain technology to expedite banking processes becomes more common. JPMorgan's Onyx network has already settled hundreds of billions of dollars in transactions, and Fidelity recently used blockchain to tokenize shares in a money market fund.

Sources :

- Coindesk
- Coindesk
- CoinTelegraph
- Coindesk
- Coindesk
- Coindesk

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