PANews reported on November 27 that Singapore blockchain financial technology company Partior announced that Deutsche Bank joined its Series B financing as a strategic investor, with a total financing of US$80 million. Previously, the Series B financing was led by Peak XV Partners, with participation from JP Morgan, Jump Trading, Standard Chartered Bank, Temasek and Valor Capital Group .
Partior plans to expand its cross-border settlement capabilities and develop features such as instant foreign exchange swaps and multi-bank payments with the support of Deutsche Bank. Deutsche Bank will join its platform as a settlement bank for euros and dollars and strengthen the capabilities of its recently launched dbX cross-border payment ecosystem. Since its establishment in 2021, Partior has processed more than $1 billion in transactions. Its blockchain-based network provides real-time clearing and settlement services, simplifies global payment processes and improves transparency and efficiency.
