Lead by Peak XV Partners, the round's first closing was backed by Temasek, JP Morgan, and Standard Chartered, as well as Valor Capital Group and Jump Trading Group.

The Monetary Authority of Singapore, in collaboration with JPMorgan and Temasek, produced Project Ubin, a blockchain-based prototype for multi-currency payments, which served as the inspiration for Partior.

Global banks and payment service providers can connect to the unified ledger's network to take advantage of real-time, cross-border, multi-currency clearing and settlement. Its round-the-clock blockchain network is compatible with RTGS and real-time local currency payment systems worldwide.

JP Morgan, Standard Chartered, and other founding investor DBS use the platform to make payments easier for their clients. Through Standard Chartered, businesses like Siemens and iFAST Financial have benefited from greater access to and management of their working capital, round-the-clock availability, and quicker, more seamless payment flows by utilizing Partior's platform.

Additional features including cross-currency repos, programmable enterprise liquidity management, intraday FX swaps, and just-in-time multi-bank payments would be made possible with the help of the additional investment. Additional currencies including AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR will also be integrated using it.

"Participant is dismantling silos and revising the guidelines for international clearance and settlement. We see a very promising future for cross-border, seamless blockchain transactions. This is further validated by the support of some of the top banks and investors globally, according to Partior CEO Humphrey Valenbreder.