Jamie Crawley is a CoinDesk news reporter based in London.
Partior is a joint venture between DBS, JPMorgan and Standard Chartered aimed at establishing unified blockchain-based interbank payment rails for instant clearing and settlement.Partior, a blockchain payment network backed by banking giants JPMorgan , DBS and Standard Chartered , has raised $60 million in Series B funding.
The investment was led by Peak XV Partners with contributions from Valor Capital Group and Jump Trading Group, according to an emailed announcement on Friday. JPMorgan, Standard Chartered and existing investor Temasek also joined the round. Partior is a joint venture between DBS, JPMorgan and Standard Chartered aimed at establishing unified blockchain-based interbank payment rails for instant clearing and settlement.
The new capital will be used to expand Partior's capabilities in intraday foreign-exchange swaps and cross-currency repurchases.JPMorgan's Onyx network has been settled hundreds of billions of dollars of transactions since going live a few years ago. Last month, Fidelityin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IDG Blockchain to co-lead the seed round investment into U2U Network to advance DePIN technologyIn a significant move underscoring its commitment to the mass adoption of Decentralized Physical Infrastructure Networks (DePIN), IDG Blockchain will make a 7-digit investment into U2U Network as a co-lead of the seed round
Read more »
Your Network, Your Net Worth: 3 Tips to Network BetterSo, here's the playbook I developed to network better: (1) Become a Talent Scout, (2) Curate Your Personal Board of Directors, and (3) Become a 'Reverse Mentor.
Read more »
Bittensor halts network after reported security attack on wallets: ZachXBTBittensor developers have temporarily suspended its blockchain network following a suspected security exploit involving users’ wallets.
Read more »
Agoric (BLD) Leverages Cosmos IBC to Advance Cross-Chain TransferAgoric (BLD), L1 blockchain in Cosmos (ATOM) ecosystem, addresses cross-network interoperability challenges in novel way
Read more »
zkSync-Based Blockchain Sophon Offers 10% in RewardsThe zkSync-based blockchain offers 10% of its total supply for rewards
Read more »
The Rise of Blockchain-based Video Streaming: Exclusive Interview With Replay CEO Michael JelenMichael Jelen, the new CEO of Replay, talks to Olayimika Oyebanji about the emerging frontier in the video streaming industry.
Read more »