JP Morgan-backed blockchain firm ‘Partior’ closes $60M series B
Partior is already processing transactions on behalf of several firms including JP Morgan, DBS, and Temasek.
Partior, a blockchain settlement network and fintech services firm backed by JP Morgan, Standard Chartered, and Temasek announced the successful closure of a $60 million series B funding round led by Peak XV Partners on July 12.
The round was supported by Valor Capital Group and Jump Trading Group with continuing support from DBS, JP Morgan, Standard Chartered and Temasek.
The funds, according to a blog post from Partior, will go towards facilitating the company’s global unified ledger, a blockchain-based bridge facilitating real-time, cross-border, multi-currency clearing and settlement for financial institutions including banks and payment service providers.
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Author: Tristan Greene
