Blockchain payment company Partior completed $80 million in Series B financing, with Deutsche Bank participating in the investment
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2024-11-27 19:03:01 8,388
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Golden Finance reported that blockchain payment company Partior completed an $80 million Series B round of financing, with Deutsche Bank joining as a new investor. Partior previously announced a $60 million funding round in July 2024 from investors including Peak XV Partners, JPMorgan Chase, Jump Trading Group, Standard Chartered Bank, Temasek and Valor Capital Group.
Partior was founded in 2021 and is backed by financial institutions including DBS Bank and JPMorgan Chase. The company provides real-time clearing and settlement services through the blockchain platform and is committed to solving the sequential processing problems in traditional payment systems. Patricia Sullivan, Deutsche Bank's global head of institutional cash management, said the bank, the largest euro clearing bank, plans to join the Partior platform as a euro and dollar clearing bank.
The funding will be used to strengthen Partior’s global expansion and develop new capabilities such as intraday FX swaps. It is worth noting that Deutsche Bank has continued to invest in the field of cryptocurrency in recent years and applied for a digital asset custody license from the German financial regulator in June 2023. (cryptonews)