Partior, Blockchain Payment Network Backed by JPMorgan and DBS, Raises $60M Series B

Partior, a blockchain payment network backed by banking giants JPMorgan (JPM), DBS (D05) and Standard Chartered (STAN), has raised $60 million in Series B funding. The investment was led by Peak XV Partners with contributions from Valor Capital Group and Jump Trading Group, according to an emailed announcement on Friday. JPMorgan, Standard Chartered and existing investor Temasek also joined the round. Partior is a joint venture between DBS, JPMorgan and Standard Chartered aimed at establishing unified blockchain-based interbank payment rails. Using blockchain-based technology to expedite such banking processes is now fairly commonplace.

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