Blockchain-powered clearing and settlement fintech Partior raises more than $60m in Series B funding

  • Funding:
    • Partior, a Singapore-based fintech start-up, secured over $60 million in a Series B funding round.
    • The round was led by Peak XV Partners (formerly Sequoia Capital India & SEA).
    • New backers included Valor Capital Group and Jump Trading Group.
    • Existing shareholders JP Morgan, Standard Chartered, and Temasek also participated.
  • Company Background:
    • Partior is a joint venture between JP Morgan, DBS Bank, and Singapore government-owned investment firm Temasek.
    • Founded in 2021.
  • Technology and Platform:
    • Partior has developed a “global unified ledger” based on blockchain technology.
    • The platform facilitates real-time, cross-border, multi-currency clearing and settlement.
    • Interoperates with real-time local currency payment and RTGS systems globally.
    • Enables direct and indirect settlement flows between companies.
    • Provides real-time settlement finality, instant liquidity, and transparency.
  • Current Use:
    • The platform is used by major banks in London, New York, Singapore, Frankfurt, and Hong Kong.
    • Founding companies DBS and JP Morgan, as well as Standard Chartered, are among the users.
    • Standard Chartered became a founding shareholder in 2022 and serves as the first euro settlement bank for the platform.
  • Future Plans:
    • The new funding will be used to support additional currencies.
    • Further development of new platform capabilities, including cross-currency repos, intraday FX swaps, and programmable enterprise liquidity management.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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