Partior secures $60 million in second round of funding to expand its global blockchain network

Partior, a Singapore-based blockchain payment processing and settlement platform, announced the successful completion of a Series B funding round of over $60 million.

Partior is the result of Project Ubin – a joint project between the Monetary Authority of Singapore (MAS) and industry to explore the use of blockchain and distributed ledger technology for settlement of payments and securities. The platform enables real-time, cross-border clearing and settlement in multiple currencies, revolutionizing the traditional, often slow and costly cross-border payment process. By leveraging blockchain technology, Partior offers both financial institutions and businesses greater transparency, speed and efficiency.

The investment round was led by Peak XV Partners and included participation from Valor Capital and Jump Trading. Existing shareholders including JP Morgan, Standard Chartered and Temasek also participated in the round.

The fresh capital will be instrumental in accelerating Partior’s international expansion, integrating additional currencies and developing new capabilities such as intraday FX swaps, cross-currency repos and programmable corporate liquidity management, the announcement said.

“Improving liquidity management for businesses and financial institutions is essential in a world where many companies operate globally 24/7. Traditional cross-border payments come with numerous challenges, including delays, high costs, lack of transparency on timing, multiple intermediaries, variable processing speeds and differing compliance standards among correspondent banks,” said Patrior.

Partior currently supports USD, EUR and SGD and plans to expand its currency offering to include AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR and SAR. The company is already used by major banks such as DBS, JP Morgan and Standard Chartered.