Partior, a blockchain payment network supported by major traditional finance players including JPMorgan, DBS, and Standard Chartered, announced that Deutsche Bank has joined its list of investors. Deutsche Bank participated in Partior's Series B funding round, bringing the total raised by the Singapore-based payments firm to $80 million. In addition to investing, Deutsche Bank will also become a settlement bank on Partior's platform for euro and U.S. dollar transactions. The adoption of blockchain technology by traditional financial institutions is increasing, with companies like Mastercard partnering with JPMorgan for cross-border payments on the blockchain. Partior plans to expand its network and add more currencies to its platform.



Other News from Today