Singapore, Tuesday August 13, 2024– Partior, a blockchain-based fintech company backed by industry giants JP Morgan, Standard Chartered, and Temasek, has closed a $60 million Series B funding round.
The round was led by Peak XV Partners, with participation from Valor Capital Group and Jump Trading Group.
Partior, which operates a global unified ledger for real-time clearing and settlement, plans to use the fresh capital to enhance its capabilities and expand its international network.
The firm says it intends to introduce new features, such as intraday foreign exchange swaps, cross-currency repos, and programmable enterprise liquidity management. Additionally, the company aims to integrate ten more currencies into its platform, building on the existing support for USD, EUR, and SGD.
The firm says the investment will be instrumental in addressing the inefficiencies of traditional cross-border payments and foreign exchange (FX) settlements.
Partior’s platform is already being utilized by major financial institutions such as DBS, JP Morgan, and Standard Chartered to facilitate 24×7 availability and seamless payment flows for corporate clients like Siemens and iFAST Financial.
The new funding will further Partior’s mission to unify global liquidity by connecting digital asset platforms with next-generation settlement technology.
