Deutsche Bank has joined the Series B funding round of blockchain payment network Partior as a strategic investor, contributing to a total of $80 million raised in this round. Other notable participants include JPMorgan, Jump Trading, and Standard Chartered. Partior, which was founded in 2021 and is based in Singapore, has seen increasing interest from traditional financial institutions aiming to adopt blockchain technology for enhanced payment services. As part of its investment, Deutsche Bank will function as a settlement bank for euro and U.S. dollar transactions on the Partior platform. Patricia Sullivan, Deutsche Bank's global head of institutional cash management, emphasized the disruption in the payments industry driven by technological advancements and the push for more inclusive and transparent financial systems. Partior already supports payments in U.S. dollars, euros, and Singapore dollars, with plans to broaden its currency offerings as its network expands.

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