Partior, a fintech specializing in ledger-based interbank systems for real-time clearing and settlement, has secured a $20 million investment from Deutsche Bank. This investment marks the final close of Partior’s Series B funding round, bringing the total raised to $80 million.
Partior’s Origins and Purpose
Partior emerged from Project Ubin, a blockchain-based prototype for multi-currency payments developed by the Monetary Authority of Singapore in collaboration with JPMorgan and Temasek.
The platform offers a unified ledger for 24×7 real-time, cross-border, and multi-currency clearing and settlement, enabling global banks and payment service providers to seamlessly integrate.
Major Players and Impact
Deutsche Bank joins a roster of high-profile investors, including Peak XV Partners, JPMorgan, Jump Trading Group, Standard Chartered, Temasek, and Valor Capital Group.
To date, the platform has processed over $1 billion in transactions, with major players like Siemens and iFAST Financial leveraging Partior via Standard Chartered for faster, more efficient payment flows.
Deutsche Bank’s Involvement
As the largest EUR clearer, Deutsche Bank plans to join Partior as a settlement bank for euro and US dollar transactions. The investment complements Deutsche Bank’s dbX network, its next-generation correspondent banking initiative.
Patricia Sullivan, Deutsche Bank’s global head of institutional cash management, states:
“The payments business is undergoing extensive disruption due to rapid technological advancements and the push for greater financial inclusion and transparency. Deutsche Bank is proud to lead this revolution, leveraging cutting-edge technology to meet client demands for speed, security, and transparency.”
What’s Next for Partior?
With Deutsche Bank’s backing, Singapore-based Partior plans to:
- Expand its global reach and cross-border capabilities.
- Introduce innovative features like intraday FX swaps and just-in-time multi-bank payments.
This partnership underscores the growing demand for blockchain-based payment systems as financial institutions race to modernize global transactions.