TLDR:
- Partior, a blockchain fintech company, secured $60 million in venture capital funding in a Series B round.
- The funding round was led by Peak XV Partners and included participation from JPMorgan, Standard Chartered, and other investors.
In a recent development, blockchain payment fintech Partior successfully raised over $60 million in a Series B funding round, with Peak XV Partners leading the effort. Other new investors like Valor Capital and Jump Trading also participated in the funding, along with previous investors JPMorgan, Standard Chartered, and Temasek. The company plans to use the capital to enhance its interbank rails for real-time clearing and settlement, adding new features and expanding its network. Partior, backed by the Monetary Authority of Singapore, aims to revolutionize cross-border payments and has already attracted major banks like DBS, JPMorgan, and Standard Chartered as users. Partior CEO Humphrey Valenbreder emphasized the company’s mission to modernize cross-border clearing and settlement processes using blockchain technology.
Moreover, the successful funding round for Partior comes at a time when financial institutions are increasingly exploring blockchain technology to improve their services. Goldman Sachs recently announced plans to launch three tokenization projects, highlighting the growing importance of blockchain technology in modernizing financial systems. The impact of tokenization will be further discussed at Benzinga’s upcoming Future of Digital Assets event, emphasizing the industry’s focus on leveraging blockchain technology for innovative financial solutions.
