Singapore-based Partior, which uses blockchain for real-time clearing and settlement, said on Nov 27 that Deutsche Bank has joined its Series B funding round as a strategic investor.
The fresh capital injection will be used to strengthen Partior's global reach, scale its cross-border capability, as well as develop and enhance innovative functions like intraday foreign exchange swaps, among other things.
Deutsche Bank will join Partior's platform as a euro and US dollar settlement bank.
The move complements the German bank's recent launch of dbX, which is a next-generation correspondent banking ecosystem.
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