Partior, the DLT clearing and settlement network has signed two partnerships with Emirates NBD and cross border payment fintech Nium. DBS Bank, JP Morgan, Standard Chartered and Temasek founded the blockchain payments firm.
The Partior settlement network uses tokenization for cross border payments via correspondent banks and grew out of Singapore’s Project Ubin CBDC work.
Via the three founding correspondent banks, the network supports Singapore dollars, US dollars and euros. This means other participating banks and institutions can connect to Partior to make instant interbank cross border payments 24/7.
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