Description
Partior is a blockchain technology platform designed to transform the financial industry's approach to cross-border payments and settlements, making these processes faster, cheaper, and more secure. It was founded in 2021 as part of a collaborative effort between DBS Bank, J.P. Morgan, and Temasek, under the backing of the Monetary Authority of Singapore (MAS). Emerging from the Project Ubin collaboration, Partior utilizes distributed ledger technology (DLT) to facilitate real-time, multi-currency transactions and settlements through a "clear and settle" mechanism, aiming to reduce reliance on the traditional correspondent banking networks. The platform's capabilities focus on improving liquidity management and minimizing counterparty risks, highlighting its contributions to a seamless, borderless digital economy. With its foundation grounded in the principles of programmability, immutability, and traceability of blockchain, Partior seeks to address the inefficiencies, lack of transparency, and high costs associated with multi-currency and cross-border payments, aligning itself as a pioneering force in leveraging blockchain for the enhancement of global financial transactions.
Partior is a blockchain technology platform designed to transform the financial industry's approach to cross-border payments and settlements, making these processes faster, cheaper, and more secure. It was founded in 2021 as part of a collaborative effort between DBS Bank, J.P. Morgan, and Temasek, under the backing of the Monetary Authority of Singapore (MAS). Emerging from the Project Ubin collaboration, Partior utilizes distributed ledger technology (DLT) to facilitate real-time, multi-currency transactions and settlements through a "clear and settle" mechanism, aiming to reduce reliance on the traditional correspondent banking networks. The platform's capabilities focus on improving liquidity management and minimizing counterparty risks, highlighting its contributions to a seamless, borderless digital economy. With its foundation grounded in the principles of programmability, immutability, and traceability of blockchain, Partior seeks to address the inefficiencies, lack of transparency, and high costs associated with multi-currency and cross-border payments, aligning itself as a pioneering force in leveraging blockchain for the enhancement of global financial transactions.
