Partior makes the Finalist List for the G20 TechSprint Challenge for Cross-Border Payments

Blockchain-powered global ledger, Partior, ranks among the top five finalists for the G20 TechSprint Challenge for cross-border payments, in the emerging market and developing economies (EMDE) currencies category.  

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The G20 TechSprint is a joint initiative between the G20 Presidency and the BIS Innovation Hub to seek out best-in-class technological innovations aimed at common challenges and focal priorities of the global regulatory and central banking community. This year’s edition is focused on three problem statements in cross-border payments – reducing illicit financial risk, enabling settlements in EMDE currencies and multilateral cross-border payment platforms.

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Contending with over 90 global participants across three problem statements, Partior’s solution enables FX-settlement in EMDE currencies and addresses pain points that include settlement risks on transactions involving multiple legs, long settlement durations, liquidity constraints, and volatility in FX rates.

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Partior’s decentralised atomic FX Payment vs Payment (PvP) solution is a cross-liquidity technology that can be integrated into multilateral platforms, including CBDC platforms. It offers all-in-one, near real-time, 24-7 settlement finality and enables competitive pricing and settlements to be executed in a larger number of currencies, including those from EMDE, on a real-time basis and with reduced liquidity demands.

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Benefits unique to Partior’s solution include:

1. Precise timing of liquidity operations using Intraday FX Swaps and Just-In-Time liquidity, which reduces liquidity demands and pre-funding requirements. ‍
2. Composability that guarantees real-time, global and simultaneous FX settlement to eliminate settlement risk. ‍
3. Interoperability with other networks, to enable a unified ledger for liquidity pooling and global real-time settlements utilising EMDE currencies.