Partior CEO Humphrey Valenbreder
Deutsche Bank has joined Partior’s Series B funding round as a strategic investor, bringing its total investment to US$80 million.
This round follows an initial investment led by Peak XV Partners in July 2024, which included participation from JP Morgan, Jump Trading Group, Standard Chartered, Temasek, and Valor Capital Group.
Also Read: How Partior leverages blockchain to offer faster, cheaper cross-border payments
Deutsche Bank plans to utilise the Partior platform for Euro and US dollar settlements. The partnership will enable the bank to provide its clients with “real-time, secure, and scalable settlement solutions.” The move complements Deutsche Bank’s recent launch of dbX, an advanced correspondent banking platform.
Partior was founded in 2021 by DBS Bank, JP Morgan, Standard Chartered, and Temasek. The company enables real-time clearing and settlement of payments, increasing liquidity and transparency while reducing the security risks and delays associated with traditional systems.
Its blockchain-based network aims to address the inefficiencies inherent in traditional payment systems, including delays, lack of transparency, and high operating costs. By eliminating intermediaries, Partior streamlines clearing and settlement processes for participants in the global financial market.
It offers 24/7 operation and integrates with local currency payment systems worldwide, facilitating direct and indirect settlement flows.
The platform currently supports USD, EUR, and SGD, with plans to add other currencies, including AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR.
Also Read: Evaluating the spread of blockchain technology in the financial sector
Partior is actively expanding its network across the Americas, EMEA, and Asia, working with prominent banks, central banks, and fintech companies to drive adoption.
According to the company, it has processed over US$1 billion in transactions since inception.
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