Blockchain payment company Partior completes $80 million Series B financing, with Deutsche Bank participating

Blockchain payment company Partior has completed an $80 million Series B financing round, with Deutsche Bank joining as a new investor. Previously in July 2024, Partior announced that it had completed a $60 million financing round, with investors including Peak XV Partners, JPMorgan Chase, Jump Trading Group, Standard Chartered Bank, Temasek and Valor Capital Group. Partior was founded in 2021 and is supported by financial institutions such as DBS Bank and JPMorgan Chase. The company provides real-time clearing and settlement services through a blockchain platform, and is committed to solving the problem of sequential processing in traditional payment systems. Patricia Sullivan, head of global institutional cash management at Deutsche Bank, said that as the largest euro clearing bank, the bank plans to join the Partior platform as a euro and dollar settlement bank. The financing will be used to strengthen Partior's global expansion and develop new features such as intraday foreign exchange swaps. It is worth noting that Deutsche Bank has continued to increase its investment in the cryptocurrency field in recent years and applied for a digital asset custody license from the German financial regulator in June 2023. (cryptonews)