JPMorgan-backed blockchain firm Partior signs partnership with UAE’s Dubai National Bank and Nium
2024-11-07 04:24
Odaily News DLT clearing and settlement network Partior has signed two cooperation agreements with Emirates NBD and cross-border payment fintech company Nium. It is reported that DBS Bank, JPMorgan Chase, Standard Chartered Bank and Temasek founded this blockchain payment company. The Partior settlement network uses tokenization to make cross-border payments through agent banks, which originated from Singapore's Project Ubin CBDC plan. Through the three founding agent banks, the network supports Singapore dollars, US dollars and euros. This means that other participating banks and institutions can connect to Partior for instant interbank cross-border payments around the clock. It is no different from BIS's cross-border payment project Agorá, except that it is already in production and does not currently use CBDC. Like Agorá, Partior aims to solve the problems of payment delays, high costs and lack of transparency. (Ledger Insights)
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