Partior Aims to Integrate Ten More Currencies
JPMorgan and Standard Chartered-backed blockchain firm, Partior, announced on July 12 that it has closed a successful $60 million Series B funding round led by Peak XV Partners. Valor Capital Group and Jump Trading Group also supported the round.
Partior, which uses blockchain-based interbank rails for real-time clearing and settlement, plans to use the funds to enhance its capabilities, including 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.
According to a statement, Partior is also working on unifying global liquidity by connecting digital asset platforms with its next-generation settlement technology. Humphrey Valenbreder, the CEO of Partior, emphasized the firm’s commitment to facilitating cross-border transactions.
“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,” Valenbreder said.
Pradyumna Agrawal, a managing director at Temasek—one of the blockchain firm’s existing shareholders before the latest funding round—characterized Partior’s successful capital raise as “a transformative achievement in reshaping the global financial market infrastructure.” Agrawal expressed Temasek’s commitment to continuing its support for Partior in its mission to create “a more seamless and efficient financial ecosystem worldwide.”
Saurabh Sharma of Jump Trading Group stated that his organization is pleased to be part of Partior’s journey, which has the potential to redefine how transactions are processed globally.
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