Deutsche Bank today announced that it has successfully conducted its first euro-denominated cross-border payment via Partior’s blockchain platform. The transaction was performed together with DBS, Southeast Asia’s largest bank by assets. Deutsche Bank acted as the settlement bank on the platform and DBS acted as the beneficiary bank.
The relationship between traditional banks and newer fintech companies continues to shape the landscape. Banks provide stability through their strong infrastructure and regulatory frameworks. Fintechs, fueled by innovation and agile technology, are redefining how financial services are offered. This interaction challenges old norms and opens new avenues for collaboration and growth.
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Today, Partior, the global unified ledger market infrastructure for clearing and settlement, released its Transforming Financial Market Infrastructure paper, outlining its approach to addressing challenges inherent in the current payment infrastructure, and redefining cross-border money movements as we know it.
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.
Partior, the trusted global network for value exchange, today announced that it has welcomed Standard Chartered as its fourth investor, rounding out its Series A fundraising. The funding round, led by Standard Chartered with participation from existing shareholders
