Deutsche Bank Fills its Portfolio with Digital Ledger Technology (DLT) for Payments, Infrastructure Led by Partior

Deutsche Bank Fills its Portfolio with Digital Ledger Technology (DLT) for Payments, Infrastructure Led by Partior

Partior, a blockchain-based clearing and settlement network, is making waves in the financial industry. Founded by DBS, JPMorgan, and Temasek, the network has been actively expanding its capabilities and partnerships.

Partnerships and Investments

Partior's growth trajectory has been bolstered by strategic partnerships and significant investments. Deutsche Bank recently invested $80 million in Partior, reinforcing its plans to scale globally, enhance cross-border capabilities, and develop functions like intraday FX swaps and just-in-time multi-bank payments.

Besides its founding partners, Partior has partnered with Osttra for FX payment-versus-payment (PvP) settlement services. This partnership is critical for reducing settlement risk in foreign exchange transactions.

Currencies Supported

While specific information about the currencies supported by Partior is scarce, its focus on cross-border transactions suggests it likely supports major currencies involved in international trade and finance.

Future Plans

Partior's future plans are ambitious. The network aims to enhance its cross-border capabilities, develop intraday FX swaps, and expand its FX PvP settlement service. These initiatives are designed to increase efficiency and reduce costs in international transactions.

Notable Partners and Investors

JP Morgan, the largest US dollar settlement bank, made its first transaction on the Partior network about a year ago. Other notable partners include Standard Chartered, Mizuho, Emirates NBD, and Deutsche Bank, which will act as a Partior settlement bank for euros and dollars.

Unique Features

Partior's model differs from the BIS Project Agora in that central banks support the settlement between correspondent banks in Project Agora, while Partior is already live. Compliance is performed upfront on Partior, and DLT directly moves money rather than messages.

Success and Growth

Partior has already surpassed $1 billion in transactions on the network. The founders launched Partior in 2021, and since then, it has raised a total of $80 million in its Series B extension round, with Deutsche Bank participating.

Partior is a DLT-based international settlement network that supports the correspondent banking model and operates 24/7 for real-time payments. As it continues to grow and expand, Partior is poised to play a significant role in modernizing international financial transactions through its blockchain-based network, focusing on efficiency, security, and cost reduction in cross-border payments and FX settlements.

As Ledger Insights explores cross border payments and FX as a core part of a new report on bank stablecoin, tokenized deposits, and DLT payments, the future of Partior looks promising.

Partior's growth has been fueled by strategic partnerships with entities such as Osttra for FX PvP settlement services and notable investors like Deutsche Bank, JP Morgan, Standard Chartered, Mizuho, Emirates NBD, and others. These partnerships and investments have aided Partior in expanding its cross-border capabilities, developing intraday FX swaps, and increasing efficiency in international transactions. As a DLT-based international settlement network, Partior already surpassed $1 billion in transactions on the network and aims to continue its growth in the finance and banking industry.

The network, which operates 24/7 for real-time payments, has already distinguished itself from models like the BIS Project Agora, with immediate settlement between correspondent banks and direct movement of money through DLT. This sets Partior apart in modernizing international financial transactions through blockchain technology.

Partior's focus on major currencies involved in international trade and finance, such as the U.S dollar, suggests that it is well-positioned to play a significant role in the future of cross-border payments and FX settlements, according to Ledger Insights' new report on bank stablecoin, tokenized deposits, and DLT payments.

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