Germany's largest bank, Deutsche Bank (DBK), with assets under management of over 1.5 trillion euros, has just made a strategic investment in Partior's Series B round, helping the company raise a total of $80 million in capital.
Previously, in July 2024, this funding round had already raised $60 million in the initial stage, led by Peak XV Partners and other investors such as Valor Capital Group, Jump Trading Group, JPMorgan Chase & Co., Standard Chartered Plc and Temasek Holdings Pte - the investment fund of the Singapore government.
With the investment from Deutsche Bank, Partior aims to expand its global reach, enhance cross-border payment capabilities, and develop new features such as same-day foreign exchange (FX) trading and more efficient interbank settlements.
Partior is a blockchain-based payment project, established in 2021 as a joint venture between DBS, JPMorgan and Standard Chartered. The company focuses on developing an interbank settlement system on a blockchain platform, aiming to provide instant cross-border payment services, trade finance, and foreign exchange.
