Today blockchain payment tech firm Partior announced it closed a Series A funding round led by Standard Chartered, with founding backers JP Morgan, DBS Bank and Temasek joining the round.
The Singapore startup is developing a blockchain-based interbank payment network and is on track to support eight currencies USD, SGD, GBP, EUR, AUD, JPY, CNH and HKD. While it may be Singapore based, the startup has global ambitions and already has involvement with organizations in 15 countries.
Each bank is responsible for its own node on the network, and Standard Chartered will be one of the Euro settlement banks.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
