Blockchain Payment Company Partior Completes $80 Million Series B Financing Round with Participation from Deutsche Bank

BlockBeats News, November 27th, according to Cryptonews, blockchain payment company Partior has completed an $80 million Series B financing round, with Deutsche Bank joining as a new investor. The financing round was initially launched in July 2024 and saw $60 million completed on July 12th, with Peak XV Partners leading the round and investors including JPMorgan Chase, Jump Trading Group, Standard Chartered Bank, Temasek, and Valor Capital Group.

Partior, founded in 2021, is backed by banks such as DBS Bank and JPMorgan Chase. The company provides real-time clearing and settlement services through its blockchain platform, aiming to address the sequencing issues in traditional payment systems. Patricia Sullivan, Global Head of Institutional Cash Management at Deutsche Bank, stated that as the largest Euro settlement bank, the bank plans to join the Partior platform as a Euro and Dollar settlement bank. The funding will be used to strengthen Partior's global expansion and develop new features such as intraday FX swaps. It is worth noting that Deutsche Bank has been increasing its involvement in the cryptocurrency field in recent years and applied for a digital asset custody license from the German financial regulatory authority in June 2023.