Technology provider Partior has announced the first close of its over US$60 million ($80.6 million) Series B round.
The round was led by Peak XV Partners and participated by Valor Capital Group and Jump Trading Group as new investors; as well as existing shareholders JP Morgan, Standard Chartered and Temasek.
This new round of funding will enable Partior with the advancement of new capabilities such as Intraday foreign exchange swaps, cross-currency repos, programmable enterprise liquidity management, and just-in-time multi-bank payments.
The investment will also significantly support Partior’s international network growth and the integration of additional currencies, including UAE Dirham, Australian dollars, Braziain real, Canadian dollars, renminbi, ppund sterling, Japanese yen, Malaysian ringgit, Qatari riyal, and Saudi riyal into its network. Partior is currently live with US dollar, euro and Singapore dollar.
Currently, Partior’s global unified ledger enables global financial market participants, including banks and payment service providers, to join its network and access real-time, cross-border, multi-currency clearing and settlement. Its 24x7 blockchain network can interoperate with real-time local currency payment and RTGS systems globally, and facilitates both direct and indirect settlement flows with market players.
Partior’s shared ledger also enables transfers with real-time settlement finality that offers instant liquidity and transparency, and overcomes shortcomings associated with sequential processing in legacy payment systems.
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The firm's solutions are being utilised by major banks in financial markets including London, New York, Singapore, Frankfurt and Hong Kong.
Partior continues to focus on its efforts to unify global liquidity by interlinking digital asset platforms with its next-generation settlement technology.
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