Blockchain payment company Partior completes $80 million Series B financing, with Deutsche Bank participating

Odaily News Blockchain payment company Partior has completed an $80 million Series B financing round, with Deutsche Bank joining as a new investor. Previously, in July 2024, Partior completed a $60 million financing round, with investors including Peak XV Partners, JPMorgan Chase, Jump Trading Group, Standard Chartered Bank, Temasek and Valor Capital Group. Partior was founded in 2021 and is supported by financial institutions such as DBS Bank and JPMorgan Chase. The company provides real-time clearing and settlement services through a blockchain platform, and is committed to solving sequential processing problems in traditional payment systems. Patricia Sullivan, head of global institutional cash management at Deutsche Bank, said that as the largest euro clearing bank, the bank plans to join the Partior platform as a euro and dollar settlement bank. This financing will be used to strengthen Partior's global expansion and develop new features such as intraday foreign exchange swaps. It is worth noting that Deutsche Bank has continued to increase its investment in the field of cryptocurrency in recent years and applied to the German financial regulator for a digital asset custody license in June 2023. (cryptonews)