According to ChainCatcher news and Cryptonews reports, blockchain payment company Partior has completed a $80 million Series B funding round, with Deutsche Bank joining as a new investor. The funding round initially started in July 2024, with investors including Peak XV Partners, JPMorgan, Jump Trading Group, Standard Chartered Bank, Temasek, and Valor Capital Group.
Partior was established in 2021, supported by financial institutions such as DBS Bank and JPMorgan. The company provides real-time clearing and settlement services through a blockchain platform, aiming to address the sequential processing issues in traditional payment systems. Patricia Sullivan, the global head of cash management at Deutsche Bank, stated that the bank, as the largest euro clearing 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 intra-day foreign exchange swaps. Notably, Deutsche Bank has been increasingly investing in the cryptocurrency sector in recent years and applied for a digital asset custody license from German financial regulators in June 2023.