It’s time to Parti(or)! Singapore-founded Partior uses blockchain to transform cross-border payments globally—and major banks are already using it. They’ve just raised over $60M in a Series B round.

• Customers include DBS, JPMorgan, Standard Chartered, Siemens, and iFast Financial.

Investor check. Peak XV Partners led the round. Valor Capital Group and Jump Trading Group joined in, as well as existing shareholders JPMorgan, Standard Chartered, and Temasek.

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🧐 The backstory

They’ve built a global platform that streamlines cross-border payments and foreign exchange settlement. It’s 24/7, real-time, and has no cut-off times.

• They started from the Project Ubin collab, backed by the Monetary Authority of Singapore.
• Their founding shareholders? DBS, J.P. Morgan, Standard Chartered, and Temasek.

Now, you can say bye-bye to your typical banking hours, slow settlements, and risk.

• How? They created a global unified ledger with blockchain.
• The ledger offers atomic settlement across several tokenized instruments and streamlines the entire settlement process.

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🔥 What’s next?

They’ll build new capabilities like intraday foreign exchange swaps, cross-currency repurchase agreements, a programmable enterprise liquidity manager, and “just-in-time” multibank payments.

Oh, and they’ll also push for international network growth and help integrate additional currencies into their network, which currently includes the US dollar, euro, and the Singapore dollar.