{"id":84054,"date":"2024-07-14T00:53:56","date_gmt":"2024-07-14T04:53:56","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=84054"},"modified":"2024-07-14T00:54:00","modified_gmt":"2024-07-14T04:54:00","slug":"partior-secures-60m-in-series-b-funding","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/partior-secures-60m-in-series-b-funding\/","title":{"rendered":"Partior Secures $60M in Series B Funding"},"content":{"rendered":"\n

Partior, backed by JPMorgan<\/a> and Standard Chartered, raised $60M in Series B to expand blockchain-based settlement capabilities and integrate ten more currencies.<\/p>\n\n\n\n

\"Partior
Partior Secures $60M in Series B Funding<\/figcaption><\/figure>\n\n\n\n

On July 12, Partior, a blockchain company supported by JPMorgan and Standard Chartered, disclosed that it has completed a $60 million Series B funding round, which Peak XV Partners led. Jump Trading Group and Valor Capital Group also supported the round.<\/p>\n\n\n\n

Partior, which employs blockchain-based interbank rails for real-time clearing and settlement, intends to utilize the funds to improve its capabilities, which include intraday foreign exchange swaps<\/a>, cross-currency repos, and just-in-time multi-bank payments.<\/p>\n\n\n\n

Furthermore, Partior intends to incorporate ten additional currencies into its network in addition to the USD, EUR, and SGD that are presently supported.<\/p>\n\n\n\n

According to a statement, Partior is also unifying global liquidity by integrating its next-generation settlement technology with digital asset platforms<\/a>. Humphrey Valenbreder, the CEO of Partior, underscored the company's dedication to facilitating cross-border transactions.<\/p>\n\n\n\n

\u201cPartior is breaking down silos and rewriting the rules for cross-border clearing and settlement. We see a very bright future for blockchain-based frictionless, cross-border transactions. Having some of the world\u2019s best banks and investors back our vision validates this even further,\u201d Valenbreder said.<\/p>\n\n\n\n

“Partior's successful capital raise is a transformative achievement in reshaping the global financial market\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> infrastructure,” according to Pradyumna Agrawal, a managing director at Temasek, one of the blockchain firm's existing shareholders before the most recent funding round.”<\/p>\n\n\n\n

Agrawal affirmed Temasek's dedication to assisting Partior in establishing “a more efficient and seamless financial ecosystem on a global scale.”<\/p>\n\n\n\n

Saurabh Sharma of Jump Trading Group expressed his organization's satisfaction with the opportunity to participate in Partior's voyage, which has the potential to revolutionize the global processing of transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Partior, backed by JPMorgan and Standard Chartered, raised $60M in Series B to expand blockchain-based settlement capabilities and integrate ten more currencies. On July 12, Partior, a blockchain company supported by JPMorgan and Standard Chartered, disclosed that it has completed a $60 million Series B funding round, which Peak XV Partners led. Jump Trading Group […]<\/p>\n","protected":false},"author":36,"featured_media":84055,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[20479,20477,20478],"class_list":["post-84054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-60m","tag-partior","tag-series-b-funding-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/Partior-network.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=84054"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84054\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/84055"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=84054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=84054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=84054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}