JPMorgan, Standard Chartered-backed blockchain fintech Partior raises $60 million in venture capital – JPMorgan Chase (NYSE:JPM)

Blockchain Fintech Payment Divider has raised over $60 million in a Series B funding round.

What happened: Peak Partner XVled the effort, with the participation of new investors Capital of value AND Trading Jump, The block reported Friday.

Previous Investors J.P. Morgan JPM, Standard Certificate Authority AND Themesek they also supported the round.

Partior plans to use the new capital to enhance its ledger-based interbank binaries for real-time clearing and settlement. This includes adding features such as intraday FX swaps, multi-currency integration, and enabling just-in-time multi-bank payments.

Founded in 2021 and supported by Monetary Authority of SingaporePartior aims to modernise cross-border payments. Standard Chartered joined the company as a founding shareholder in 2022.

Partior’s network is already used by major banks such as DBS, JPMorgan and Standard Chartered to facilitate payments for clients such as Siemens and iFAST Financial, supporting USD, EUR and SGD.

CEO of Partior Humphrey Valenbreder He emphasized the company’s mission to revolutionize cross-border clearing and settlement. “We see a very bright future for frictionless cross-border transactions based on blockchain,” he said.

Read also: Bitcoin Should ‘Close a Monthly Candle Above $73,000’ to Invalidate Sell Signal, Trader Says

Because matter: The successful funding round for Divider It comes at a time when financial institutions are increasingly exploring blockchain technology to improve their services.

Goldman Sachs Consulting Firm GS has announced plans to launch three tokenization projects by the end of the year, aiming to tokenize real-world assets such as money market funds and real estate holdings.

According to luck relationship, Matthew McDermottglobal head of digital assets at Goldman Sachs, said these initiatives will change the way clients can invest. This broader industry trend highlights the growing importance of blockchain technology in modernizing financial systems.

What’s next: The impact of tokenization is expected to be explored in depth in the upcoming Benzinga event The Future of Digital Assets event of November 19th.

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This content was produced in part with the help of artificial intelligence tools, and was reviewed and published by Benzinga editors.

Image: Shutterstock

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