Blockchain Payment Network Partior Raises $60 Million in Series B Funding

Partior, a blockchain payment network supported by JPMorgan, DBS, and Standard Chartered, has raised $60 million in Series B funding to expand its capabilities in intraday foreign-exchange swaps and cross-currency repurchases. The investment was led by Peak XV Partners, with contributions from Valor Capital Group and Jump Trading Group, and participation from JPMorgan, Standard Chartered, and existing investor Temasek. Partior aims to establish unified blockchain-based interbank payment rails for instant clearing and settlement, a process that is becoming increasingly common in the banking industry. JPMorgan's Onyx network has already settled hundreds of billions of dollars of transactions since its launch a few years ago.