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Partior Raises $60M in Series B Funding to Expand Global Blockchain Network
Dividera Singapore-based blockchain platform for payment clearing and settlement, has announced the successful closing of a Series B funding round of over $60 million.
Partior is the result of Ubin Project – a collaborative project between the Monetary Authority of Singapore (MAS) and the industry to explore the use of blockchain and distributed ledger technology for clearing and settling payments and securities. Its platform enables real-time, cross-border, multi-currency clearing and settlement, disrupting the traditional, often slow and costly, cross-border payment process. By leveraging blockchain technology, Partior offers greater transparency, speed and efficiency for both financial institutions and corporates.
The investment round was led by Peak XV Partners and saw participation from Valor Capital and Jump Trading. Existing shareholders including JP Morgan, Standard Chartered and Temasek also contributed to the round.
The new capital will be instrumental in accelerating Partior’s international expansion, integrating additional currencies and developing new capabilities such as intraday FX swaps, cross-currency repos and programmable corporate liquidity management. announcement She said.
“Improving liquidity management for corporate and financial institutions is critical in a world where many businesses operate 24/7 globally. The traditional cross-border payments journey faces several challenges, including delays, high costs, lack of transparency on timing, multiple intermediaries, variable processing speeds, and differing compliance standards among correspondent banks,” Patrior said.
Partior currently supports USD, EUR and SGD, with plans to expand its currency offerings to include AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR and SAR. The company is already used by major banks such as DBS, JP Morgan and Standard Chartered.