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Standard Chartered invests in Partior

admin by admin
November 3, 2022
in News


London-headquartered banking giant Standard Chartered announced on Thursday that it had invested in the blockchain-based interbank settlement platform Partior, a joint venture of JP Morgan, DBS bank and Temasek.

See related article: JP Morgan, Standard Chartered execs disagree over Bitcoin’s significance

Fast facts

  • Standard Chartered will be Partior’s first euro settlement bank, enabling the platform to offer more than the first slate of eight global currencies by 2023, the statement said.
  • Last October, Partior achieved end-to-end settlements in Singapore dollars and U.S. dollars in less than two minutes, a dramatic improvement compared to the two-day average for such transactions in the existing financial network.
  • Partior in June this year announced its full senior leadership team and launched its Hyderabad Development Centre in India to tap into the nation’s engineering talent.

See related article: Singapore’s Project Ubin+ to study cross-border FX with CBDCs



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