Singapore Project Partior Completes Proof of Concept for FX Payment-to-Payment Settlement, with Participants Including JP Morgan and DBS Bank

According to Odaily Planet Daily, Singapore project Partior has completed a proof of concept for foreign exchange payment-to-payment (PvP) settlement, with participants including JP Morgan, DBS Bank and Mizuho Bank. PvP settlement eliminates settlement risk by exchanging two currencies simultaneously. Partior's solution supports 24/7 real-time atomic settlement and is scheduled to be launched later this year.