Key Takeaways:
- Partior secures $60 million in Series B funding led by Peak XV Partners, with Valor Capital Group and Jump Trading Group also participating.
- The funding will enhance Partior’s global unified ledger for real-time, cross-border, multi-currency clearing and settlement.
- New currencies such as AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR will join the network.
Partior, a blockchain settlement network supported by JP Morgan, Standard Chartered, and Temasek, has secured $60 million in Series B funding.
The round, led by Peak XV Partners, included Valor Capital Group and Jump Trading Group, with continued backing from existing investors.
Partior, a cross-border payments and settlement blockchain company, raised more than $60 million in an investment round including Peak XV Partners, Jump Trading and Valor Capital https://t.co/GVbwqN4UJp
— Bloomberg Crypto (@crypto) July 12, 2024
The funding will enhance Partior’s global unified ledger, facilitating real-time, cross-border, multi-currency clearing and settlement.
Key capabilities include Intraday FX swaps, Cross-currency repos, Programmable Enterprise Liquidity Management, and Just-in-Time multi-bank payments.
New currencies like AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR will be added to its network, currently featuring USD, EUR, and SGD.
Founded in 2021 in Singapore, Partior aims to reduce friction in cross-border payments and foreign exchange settlements.
Peak XV Partners, spun out of Sequoia Capital, represents its Indian and Southeast Asian branch.
Shailendra Singh of Peak XV praised Partior’s collaborative mission to transform global money transfer and settlement.
About The Author
Fleming Airunugba, a seasoned Web3 and crypto content expert, leverages his deep understanding of blockchain technology to bring the latest and most impactful news to the crypto community.
With a knack for engaging storytelling and strategic content creation, Fleming is dedicated to educating and inspiring his audience with insightful analysis on cryptocurrencies, NFTs, and the future of digital finance.
Check Fleming out on: