Techub News reported that according to ledgerinsights, the blockchain foreign exchange solution of Partior, a financial infrastructure platform in Singapore, has completed the proof of concept of foreign exchange payment-to-payment (PvP) settlement using its blockchain network. Participants include JP Morgan, DBS Bank and Mizuho Bank. PvP settlement eliminates settlement risk by exchanging two currencies at the same time. Partior's solution supports 24/7 real-time atomic settlement and is scheduled to be launched later this year.

Partior already has a foreign exchange solution that enables instant 24/7 cross-border payments through agent banks. Other founders include Standard Chartered Bank and Temasek.