Blockchain for Banking News

Deutsche Bank, SMBC join Partior DLT payment network co-founded by JP Morgan

partior deutsche bank smbc

Partior, the blockchain network for multicurrency interbank payments has signed Deutsche Bank and SMBC as members of its network, according to multiple Ledger Insights sources. They join co-founders JP Morgan, Standard Chartered and DBS Bank. 

Additionally, there are unconfirmed rumors that the Office of the Comptroller of the Currency (OCC), one of the primary U.S. banking regulators, has provided a non-objection letter to JP Morgan, allowing it to proceed to use the Partior network. Ledger Insights has not seen the letter.

JP Morgan, Deutsche Bank and Partior declined to comment. We did not receive a response from SMBC at the time of publication. However, sources close to the German bank said the news is speculative and no decision has been made.

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