Deutsche Bank Invests $20 Million in Partior Payments Blockchain

Germany's leading bank, Deutsche Bank, has invested $20 million in Partior, a blockchain payments network backed by giants #JPmorgan , DBS, and Standard Chartered. The investment is part of an $80 million Series B funding round that will help Partior expand its global payments reach and develop services such as intraday foreign exchange trading and interbank settlements.

Partior was founded in 2021 as a spin-off from Singapore's multi-currency blockchain initiative Project Ubin. The network supports instant cross-border payments in currencies such as USD, SGD, and EUR, and complements central bank digital currency projects.

The investment from Deutsche Bank signals a surge in traditional financial institutions adopting blockchain. Mastercard also announced a partnership with JPMorgan’s Kinexys Digital Payments to accelerate cross-border payments using blockchain technology.

Investor Warning

While blockchain opens up many innovative opportunities, investing in high-tech platforms like Partior can be risky, especially when the market is still in its formative stages. Investors should carefully evaluate before participating.