Partior, a blockchain company backed by JPMorgan and Standard Chartered, recently announced the successful closure of a $60 million Series B funding round led by Peak XV Partners. The funding will be used to expand Partior's capabilities, which include real-time clearing and settlement using blockchain-based interbank rails. The company plans to enhance its services by incorporating intraday foreign exchange swaps, cross-currency repos, and just-in-time multi-bank payments. Additionally, Partior aims to integrate ten more currencies into its network, in addition to the currently supported USD, EUR, and SGD.
Partior is also working towards unifying global liquidity by connecting digital asset platforms with its advanced settlement technology. The CEO of Partior, Humphrey Valenbreder, expressed the firm's dedication to facilitating cross-border transactions and emphasized the positive impact of blockchain-based frictionless transactions. Valenbreder stated, "Partior is breaking down silos and rewriting the rules for cross-border clearing and settlement. We see a very bright future for blockchain-based frictionless, cross-border transactions. Having some of the world's best banks and investors back our vision validates this even further."
Pradyumna Agrawal, a managing director at Temasek, one of Partior's existing shareholders, praised the company's accomplishment in reshaping the global financial market infrastructure. Agrawal expressed Temasek's continued support for Partior in its mission to create a more seamless and efficient financial ecosystem worldwide.
Saurabh Sharma of Jump Trading Group also expressed his satisfaction in being a part of Partior's journey, recognizing its potential to redefine global transaction processing.
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