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Partior - Series A
Overview
Funding Date
November 3, 2022
Financing amount
$31M
Valuation
--
Catagory
About Partior - Series A
Today blockchain payment tech firm Partior announced it closed a $31M Series A funding round led by Standard Chartered, with founding backers JP Morgan, DBS Bank and Temasek joining the round. All three of the investor banks are involved in the Monetary Authority of Singapore tokenization and DeFi trials. JP Morgan and DBS were involved in pilots using DeFi, with the first results announced yesterday. And Standard Chartered is planning to trial tokenizing trade finance assets.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United Kingdom | 1969 | 1 | social.media@sc.com | ||
| Corporate | United States of America | 1871 | 6 | -- | ||
| Corporate | Singapore | 1968 | 1 | -- | ||
| Fund | Singapore | 1974 | 15 | -- |
Founders & Team
Humphrey Valenbreder
Company Profile / Project Introduction
Partior, an independent company, is the blockchain platform for payments clearing and settlement that grew from the Project Ubin collaboration, and founded by J.P. Morgan, DBS and Temasek, with the backing of MAS, to achieve end-to-end atomic settlements in multiple currencies, and replace the sequential approach to payments settlement. The platform aims to make digital clearing and settlement more efficient, reliable and secure for financial institutions worldwide by leveraging the key benefits of programmability, immutability and traceability, inherent features of blockchain and distributed ledgers, and aims to address multi-currency and cross-border payments pain points.
The Singapore startup is developing a blockchain-based interbank payment network and is on track to support eight currencies USD, SGD, GBP, EUR, AUD, JPY, CNH and HKD.