Company Background – Partior Pte Ltd
Acknowledging that the future of global payments is on the cusp of a fundamental shift, DBS, J.P. Morgan, and Temasek have developed an open industry platform to reimagine and accelerate value movements for payments, trade and foreign exchange settlement in a new digital era, through a newly established technology company, Partior.
Designed as a global shared ledger, Partior aims to disrupt the traditional cross-border payment by leveraging on blockchain technology to reduce current frictions and latency, minimizing post transaction exception handling and reconciliation activities.
Key distinguishing features are around privacy solution, complete decentralized hosting and consensus efficiency – providing a commercial scalability which enables it to be a platform of choice for hosting multiple CBDCs and commercial bank digital currencies.
To encourage broad participation across the banking industry, Partior will be actively engaging leading banks to join the platform to establish the scale required to benefit the industry. The platform will start with a focus on facilitating flows primarily between Singapore-based banks in both USD and SGD, with the intent to expand service offerings to other markets and in various currencies.
Company Background – Partior Pte Ltd
Acknowledging that the future of global payments is on the cusp of a fundamental shift, DBS, J.P. Morgan, and Temasek have developed an open industry platform to reimagine and accelerate value movements for payments, trade and foreign exchange settlement in a new digital era, through a newly established technology company, Partior.
Designed as a global shared ledger, Partior aims to disrupt the traditional cross-border payment by leveraging on blockchain technology to reduce current frictions and latency, minimizing post transaction exception handling and reconciliation activities.
Key distinguishing features are around privacy solution, complete decentralized hosting and consensus efficiency – providing a commercial scalability which enables it to be a platform of choice for hosting multiple CBDCs and commercial bank digital currencies.
To encourage broad participation across the banking industry, Partior will be actively engaging leading banks to join the platform to establish the scale required to benefit the industry. The platform will start with a focus on facilitating flows primarily between Singapore-based banks in both USD and SGD, with the intent to expand service offerings to other markets and in various currencies.
