Partior, the Singapore blockchain-based interbank payment network, announced a raft of new senior hires and a new Indian development center. Unveiled nine months ago by JP Morgan, DBS Bank, and Temasek, the company said it has advanced engagements with banks and central banks in 15 countries.
The interbank network is for the digital clearing and settlement of multi-currency transactions with two currencies enabled last year, the Singapore Dollar and U.S. Dollar. It plans to have eight currencies live by the end of this year, including GBP, EUR, AUD, JPY, CNH and HKD.
Today the company announced five key hires, including the appointment of Stella Lim as Chief Operating Officer. She was previously Managing Director, Asia Pacific for SWIFT.
Head of Product Atul Bhuchar joins from DBS Bank; Saxon Bartrop, Head of Architecture, hails from another big Singapore bank UOB; General Counsel, Angie Ong joins from Meta Financial Technologies.
Partior said it’s setting up a development center in Hyderabad to serve as a ‘web3 center of excellence’. The technology leader in India will be Abhinava Kumar Singh, formerly Engineering Practice Head of Payments at Natwest Group.
Meanwhile, two of the joint venture founders, JP Morgan and DBS Bank, are participating in a DeFi tokenization pilot on public blockchain as part of Project Guardian, a Monetary Authority of Singapore pilot. The third participant is Marketnode, a joint venture between SGX and Temasek for tokenized bonds. These digital assets will be used as collateral for borrowing.