Share this article
Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B
The investment was led by Peak XV Partners with contributions from Valor Capital Group and Jump Trading Group.
Updated Jul 12, 2024, 11:25 a.m. Published Jul 12, 2024, 9:30 a.m.
Make us preferred on Google
- Partior is a joint venture between DBS, JPMorgan and Standard Chartered aimed at establishing unified blockchain-based interbank payment rails for instant clearing and settlement.
- Using blockchain-based technology to expedite such banking processes is now fairly commonplace.
Partior, a blockchain payment network backed by banking giants JPMorgan (JPM), DBS (D05) and Standard Chartered (STAN), has raised $60 million in Series B funding.
The investment was led by Peak XV Partners with contributions from Valor Capital Group and Jump Trading Group, according to an emailed announcement on Friday. JPMorgan, Standard Chartered and existing investor Temasek also joined the round.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Partior is a joint venture between DBS, JPMorgan and Standard Chartered aimed at establishing unified blockchain-based interbank payment rails for instant clearing and settlement.
The new capital will be used to expand Partior's capabilities in intraday foreign-exchange (FX) swaps and cross-currency repurchases.
Using blockchain-based technology to expedite such banking processes is now fairly commonplace.
JPMorgan's Onyx network has settled hundreds of billions of dollars of transactions since going live a few years ago. Last month, Fidelity used Onyx to tokenize shares in a money market fund.
Read More: Don't Tell Anyone, but Private Blockchains Handle Over $1.5T of Securities Financing a Month
More For You
Specialized AI detects 92% of real-world DeFi exploits
New research claims specialized AI dramatically outperforms general-purpose models at detecting exploited DeFi vulnerabilities.
What to know:
- A purpose-built AI security agent detected vulnerabilities in 92% of 90 exploited DeFi contracts ($96.8 million in exploit value), compared with 34% and $7.5 million for a baseline GPT-5.1-based coding agent running on the same underlying model.
- The gap came from domain-specific security methodology layered on top of the model, not differences in core AI capability, according to the report.
- The findings come as prior research from Anthropic and OpenAI shows AI agents can execute end-to-end smart contract exploits at low cost, accelerating concerns that offensive AI capabilities are scaling faster than defensive adoption.
Top Stories
