Partior Secures $60 Mn In Series B Funding Led By Peak XV Partners: Report
The new funding will help develop capabilities like intraday FX swaps, cross-currency repos, and programmable enterprise liquidity management
Partior, a blockchain-based clearing and settlement network, has raised USD 60 million in a Series B funding round led by Peak XV Partners. The round also saw participation from Jump Trading and Valar Capital.
Supported by DBS, JP Morgan, Standard Chartered, and Temasek, Partior plans to use the funds to expand its international network and integrate more currencies. The network currently operates with the US dollar, Singapore dollar, and euro.
Founded in 2021, Partior offers real-time, multi-currency clearing for banks in London, New York, and Singapore. The new funding will also help develop capabilities like intraday FX swaps, cross-currency repos, and programmable enterprise liquidity management.
Partior's blockchain network can interoperate with real-time local currency payment and RTGS systems globally, facilitating both direct and indirect settlement flows with market players.
