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Deutsche Bank Joins J.P. Morgan-Backed Partior’s $80M Series B as Strategic Investor 

Web3 News Hub Team

By: Web3 News Hub Team

Friday, November 29, 2024

Nov 29, 2024

3 min read

3 min

  • Partior secured a strategic investment from Deutsche Bank to expand its global footprint. 

  • The company has raised a total of $140 million across multiple rounds. 

  • The development comes as institutions race to tap Web3’s full commercial potential. 

Deutsche Bank, a German multinational investment bank, has joined Partior as a strategic investor, underscoring the increasing institutional interest in Web3 and blockchain technologies. 

Founded in 2021, Partior is a global unified ledger market infrastructure for clearing and settlement backed by J.P. Morgan, Tamasek DBS, and Standard Chartered. The company was birthed out of Project Ubin, the Monetary Authority of Singapore-led research study launched in 2016 to explore blockchain use cases in payments and securities. 

Project Ubin concluded in 2020 after testing five use cases: Tokenized SGD, Re-imagining RTGS, Delivery versus Payment (DvP), Cross-border Payment versus Payment (PVP), and enabling board ecosystem collaboration. 

Partior Concludes $80M Series B Funding with Deutsche Bank Participation 

According to a recent press release, Deutsche Bank’s participation in Partior’s series B brought the company’s total funding in the round to $80 million. The Series B funding initially secured $60 million in July 2024, led by Peak XV Partners, with participation from Jump Trading Group, Valor Capital Group, Standard Chartered, and J.P. Morgan. 

The total funding from the two rounds reached $140 million, which Partior said would bolster its global reach and scale its cross-border capability while developing and enhancing innovative functions like intraday FX swaps and Just-in-Time multi-bank payments. 

Per the statement, Deutsche Bank plans to become a Euro and US dollar settlement bank on the Partior platform, highlighting the bank’s commitment to providing its users with real-time, secure, and scalable settlement solutions. 

Partior CEO Humphrey Valenbreder lauded Deutsche Bank’s investment and partnership as a “powerful validation” of the company’s vision to revolutionize the global financial infrastructure. 

“With their support, we will accelerate our mission to deliver seamless, secure, and instant cross-border transactions for financial institutions worldwide. We are also proud to announce that we have now processed over USD 1 billion in value worth of transactions, marking a significant milestone in our journey and the growing industry belief in our platform.” Valenbreder stated. 

Partior’s blockchain-based solution seeks to address various inefficiencies plaguing the current financial landscape. 

Bringing Fiat to Web3 and Blockchain 

In the statement, Partior said that its blockchain-based network could eliminate the need for intermediaries and address longstanding banking and payment service provision inefficiencies, such as high operating costs, settlement inefficiencies, and limited transparency. 

In addition to its global interoperability with real-time local currency payment and RTGS systems, Partior’s 24/7 blockchain network currently supports USD, EUR, and SGD to power direct and indirect settlement flows with market players.

The company seeks to integrate additional currencies, including AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR, amid an aggressive expansion plan to penetrate markets in the Americas, EMEA, and Asia regions. 

Deutsche Bank’s investment in Partior continues the institution’s inroads into the Web3 landscape, whose offerings like tokenization have captivated the traditional financial sector, promising improved settlement efficiency and radical transformation of currently illiquid markets. 

Institutions Race to Tap Web3’s Full Commercial Potential 

Since 2023, Deutsche Bank has been pushing deeper into Web3 alongside other recognized Tier-1 and 2 banks seeking to expand their digital asset or blockchain footprint to achieve innovation at scale and remain competitive. 

The bank’s investment in Partior came six months after reports emerged in late May that it was testing an Ethereum-based platform for services around tokenized funds. Investment bank Citigroup Inc. projects blockchain-based tokenization of financial and real-world assets to reach up to $5 trillion by 2030, which could explain why institutions are betting big on the niche. 

Besides Deutsche Bank, the Dutch bank ABN Amro made headlines in January 2023 by issuing a €450,000 bond on the Stellar blockchain, one of the top 100 networks by total value locked (TVL), DefiLlama data shows. 

The European Investment Bank further issued a two-year $200 million bond in 2022 in partnership with Goldman Sachs, Société Générale and Santander. J.P. Morgan has also explored tokenization use cases in foreign exchange, facilitating a cross-currency transaction with tokenized Japanese Yen and Singapore Dollar deposits via a public blockchain. 

  • Partior secured a strategic investment from Deutsche Bank to expand its global footprint. 

  • The company has raised a total of $140 million across multiple rounds. 

  • The development comes as institutions race to tap Web3’s full commercial potential. 

Deutsche Bank, a German multinational investment bank, has joined Partior as a strategic investor, underscoring the increasing institutional interest in Web3 and blockchain technologies. 

Founded in 2021, Partior is a global unified ledger market infrastructure for clearing and settlement backed by J.P. Morgan, Tamasek DBS, and Standard Chartered. The company was birthed out of Project Ubin, the Monetary Authority of Singapore-led research study launched in 2016 to explore blockchain use cases in payments and securities. 

Project Ubin concluded in 2020 after testing five use cases: Tokenized SGD, Re-imagining RTGS, Delivery versus Payment (DvP), Cross-border Payment versus Payment (PVP), and enabling board ecosystem collaboration. 

Partior Concludes $80M Series B Funding with Deutsche Bank Participation 

According to a recent press release, Deutsche Bank’s participation in Partior’s series B brought the company’s total funding in the round to $80 million. The Series B funding initially secured $60 million in July 2024, led by Peak XV Partners, with participation from Jump Trading Group, Valor Capital Group, Standard Chartered, and J.P. Morgan. 

The total funding from the two rounds reached $140 million, which Partior said would bolster its global reach and scale its cross-border capability while developing and enhancing innovative functions like intraday FX swaps and Just-in-Time multi-bank payments. 

Per the statement, Deutsche Bank plans to become a Euro and US dollar settlement bank on the Partior platform, highlighting the bank’s commitment to providing its users with real-time, secure, and scalable settlement solutions. 

Partior CEO Humphrey Valenbreder lauded Deutsche Bank’s investment and partnership as a “powerful validation” of the company’s vision to revolutionize the global financial infrastructure. 

“With their support, we will accelerate our mission to deliver seamless, secure, and instant cross-border transactions for financial institutions worldwide. We are also proud to announce that we have now processed over USD 1 billion in value worth of transactions, marking a significant milestone in our journey and the growing industry belief in our platform.” Valenbreder stated. 

Partior’s blockchain-based solution seeks to address various inefficiencies plaguing the current financial landscape. 

Bringing Fiat to Web3 and Blockchain 

In the statement, Partior said that its blockchain-based network could eliminate the need for intermediaries and address longstanding banking and payment service provision inefficiencies, such as high operating costs, settlement inefficiencies, and limited transparency. 

In addition to its global interoperability with real-time local currency payment and RTGS systems, Partior’s 24/7 blockchain network currently supports USD, EUR, and SGD to power direct and indirect settlement flows with market players.

The company seeks to integrate additional currencies, including AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR, amid an aggressive expansion plan to penetrate markets in the Americas, EMEA, and Asia regions. 

Deutsche Bank’s investment in Partior continues the institution’s inroads into the Web3 landscape, whose offerings like tokenization have captivated the traditional financial sector, promising improved settlement efficiency and radical transformation of currently illiquid markets. 

Institutions Race to Tap Web3’s Full Commercial Potential 

Since 2023, Deutsche Bank has been pushing deeper into Web3 alongside other recognized Tier-1 and 2 banks seeking to expand their digital asset or blockchain footprint to achieve innovation at scale and remain competitive. 

The bank’s investment in Partior came six months after reports emerged in late May that it was testing an Ethereum-based platform for services around tokenized funds. Investment bank Citigroup Inc. projects blockchain-based tokenization of financial and real-world assets to reach up to $5 trillion by 2030, which could explain why institutions are betting big on the niche. 

Besides Deutsche Bank, the Dutch bank ABN Amro made headlines in January 2023 by issuing a €450,000 bond on the Stellar blockchain, one of the top 100 networks by total value locked (TVL), DefiLlama data shows. 

The European Investment Bank further issued a two-year $200 million bond in 2022 in partnership with Goldman Sachs, Société Générale and Santander. J.P. Morgan has also explored tokenization use cases in foreign exchange, facilitating a cross-currency transaction with tokenized Japanese Yen and Singapore Dollar deposits via a public blockchain. 

  • Partior secured a strategic investment from Deutsche Bank to expand its global footprint. 

  • The company has raised a total of $140 million across multiple rounds. 

  • The development comes as institutions race to tap Web3’s full commercial potential. 

Deutsche Bank, a German multinational investment bank, has joined Partior as a strategic investor, underscoring the increasing institutional interest in Web3 and blockchain technologies. 

Founded in 2021, Partior is a global unified ledger market infrastructure for clearing and settlement backed by J.P. Morgan, Tamasek DBS, and Standard Chartered. The company was birthed out of Project Ubin, the Monetary Authority of Singapore-led research study launched in 2016 to explore blockchain use cases in payments and securities. 

Project Ubin concluded in 2020 after testing five use cases: Tokenized SGD, Re-imagining RTGS, Delivery versus Payment (DvP), Cross-border Payment versus Payment (PVP), and enabling board ecosystem collaboration. 

Partior Concludes $80M Series B Funding with Deutsche Bank Participation 

According to a recent press release, Deutsche Bank’s participation in Partior’s series B brought the company’s total funding in the round to $80 million. The Series B funding initially secured $60 million in July 2024, led by Peak XV Partners, with participation from Jump Trading Group, Valor Capital Group, Standard Chartered, and J.P. Morgan. 

The total funding from the two rounds reached $140 million, which Partior said would bolster its global reach and scale its cross-border capability while developing and enhancing innovative functions like intraday FX swaps and Just-in-Time multi-bank payments. 

Per the statement, Deutsche Bank plans to become a Euro and US dollar settlement bank on the Partior platform, highlighting the bank’s commitment to providing its users with real-time, secure, and scalable settlement solutions. 

Partior CEO Humphrey Valenbreder lauded Deutsche Bank’s investment and partnership as a “powerful validation” of the company’s vision to revolutionize the global financial infrastructure. 

“With their support, we will accelerate our mission to deliver seamless, secure, and instant cross-border transactions for financial institutions worldwide. We are also proud to announce that we have now processed over USD 1 billion in value worth of transactions, marking a significant milestone in our journey and the growing industry belief in our platform.” Valenbreder stated. 

Partior’s blockchain-based solution seeks to address various inefficiencies plaguing the current financial landscape. 

Bringing Fiat to Web3 and Blockchain 

In the statement, Partior said that its blockchain-based network could eliminate the need for intermediaries and address longstanding banking and payment service provision inefficiencies, such as high operating costs, settlement inefficiencies, and limited transparency. 

In addition to its global interoperability with real-time local currency payment and RTGS systems, Partior’s 24/7 blockchain network currently supports USD, EUR, and SGD to power direct and indirect settlement flows with market players.

The company seeks to integrate additional currencies, including AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR, amid an aggressive expansion plan to penetrate markets in the Americas, EMEA, and Asia regions. 

Deutsche Bank’s investment in Partior continues the institution’s inroads into the Web3 landscape, whose offerings like tokenization have captivated the traditional financial sector, promising improved settlement efficiency and radical transformation of currently illiquid markets. 

Institutions Race to Tap Web3’s Full Commercial Potential 

Since 2023, Deutsche Bank has been pushing deeper into Web3 alongside other recognized Tier-1 and 2 banks seeking to expand their digital asset or blockchain footprint to achieve innovation at scale and remain competitive. 

The bank’s investment in Partior came six months after reports emerged in late May that it was testing an Ethereum-based platform for services around tokenized funds. Investment bank Citigroup Inc. projects blockchain-based tokenization of financial and real-world assets to reach up to $5 trillion by 2030, which could explain why institutions are betting big on the niche. 

Besides Deutsche Bank, the Dutch bank ABN Amro made headlines in January 2023 by issuing a €450,000 bond on the Stellar blockchain, one of the top 100 networks by total value locked (TVL), DefiLlama data shows. 

The European Investment Bank further issued a two-year $200 million bond in 2022 in partnership with Goldman Sachs, Société Générale and Santander. J.P. Morgan has also explored tokenization use cases in foreign exchange, facilitating a cross-currency transaction with tokenized Japanese Yen and Singapore Dollar deposits via a public blockchain. 

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