Deutsche Bank has joined the Series B funding round of Partior, a blockchain-based FinTech network.

Deutsche Bank’s participation brings the total investment raised by Partior to $80 million.

Singapore-based Partior said it would use Deutsche Bank’s investment to bolster its global reach and scale its cross-border capability.

Additionally, Partior will use the funding to develop and enhance functions such as intraday currency swaps and just-in-time multi-bank payments.

Deutsche Bank said it intends to join as a Euro and US dollar settlement bank on the Partior platform to provide its customers with real-time settlement solutions.

The platform will also complement Deutsche Bank's recent launch of dbX, a next-generation correspondent banking ecosystem designed to optimise and expand its financial institution client services.

"The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency,” said Patricia Sullivan, global head institutional cash management at Deutsche Bank. “Deutsche Bank, as the largest EUR clearer, is excited to be a leader in this revolution and harness cutting-edge technology to enhance the speed, transparency, and security of payments expected by clients and peers alike.”

Partior’s previous funding round closed in July 2024 and was led by Peak XV Partners with participation from JP Morgan, Jump Trading Group, Standard Chartered, Temasek and Valor Capital Group.

Partior, founded in 2021, aims to address inefficiencies in the industry including settlement delays, limited transparency and high operating costs. It is actively expanding its network in the Americas and Europe, planning to integrate additional currencies into its platform.

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