Blockchain Payment Network Partior Raises $60 Million in Series B Funding
Partior, a blockchain payment network supported by JPMorgan, DBS, and Standard Chartered, has raised $60 million in Series B funding to expand its capabilities in intraday foreign-exchange swaps and cross-currency repurchases. The investment was led by Peak XV Partners, with contributions from Valor Capital Group and Jump Trading Group, and participation from JPMorgan, Standard Chartered, and existing investor Temasek. Partior aims to establish unified blockchain-based interbank payment rails for instant clearing and settlement, a process that is becoming increasingly common in the banking industry. JPMorgan's Onyx network has already settled hundreds of billions of dollars of transactions since its launch a few years ago.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Altcoins Moving Up: They Outperformed Bitcoin and Ethereum – Analysts Assessed the Situation
Following the FED's interest rate decision, it was observed that the market values of altcoins increased more than that of Bitcoin.
Here’s Which Countries Lead in State-Held Bitcoin Reserves
Trump silent on crypto platform, SEC urged to clarify airdrops: Finance Redefined
Indian Supreme Court YouTube Channel Hacked, Promoting Ripple Cryptocurrency