Blockchain payment company Partior completes $80 million Series B financing, with Deutsche Bank participating
Blockchain payments company Partior has completed a $80 million Series B funding round, with Deutsche Bank joining as a new investor. Previously, in July 2024, Partior announced the completion of a $60 million funding round, with investors including Peak XV Partners, JPMorgan Chase, Jump Trading Group, Standard Chartered, Temasek Holdings, and Valor Capital Group.
Partior was founded in 2021 and is backed by Financial Institution Groups such as DBS Bank and JPMorgan Chase. The company provides real-time clearing and settlement services through a blockchain platform, dedicated to solving the problem of sequential processing in traditional payment systems. Patricia Sullivan, head of global institutional cash management at Deutsche Bank, said the bank, as the largest euro clearing bank, plans to join the Partior platform as a euro and dollar settlement bank.
The financing will be used to strengthen Partior's global expansion and develop new features such as intraday foreign exchange swaps. It is worth noting that Deutsche Bank has continued to build up the ante cryptocurrency sector in recent years, having applied for a digital asset custody license from the German financial regulator in June 2023. (cryptonews)