Blockchain payment company Partior completes $80 million Series B funding, with participation from Deutsche Bank

ChainCatcher news, according to Cryptonews, blockchain payment company Partior has completed a $80 million Series B funding round, with Deutsche Bank joining as a new investor. This funding round was initially launched in July 2024, with investors including Peak XV Partners, JPMorgan, Jump Trading Group, Standard Chartered, Temasek, and Valor Capital Group.

Partior was founded in 2021, supported by financial institutions such as DBS Bank and JPMorgan. The company provides real-time clearing and settlement services through its blockchain platform, aiming to address the sequential processing issues in traditional payment systems. Patricia Sullivan, Global Head of Institutional Cash Management at Deutsche Bank, stated that as the largest euro clearing bank, the bank plans to join the Partior platform as a euro and dollar settlement bank.

The funds will be used to strengthen Partior's global expansion and develop new features such as intraday foreign exchange swaps. Notably, Deutsche Bank has been increasing its investment in the cryptocurrency sector in recent years, having applied for a digital asset custody license from German financial regulators in June 2023.