Partior settlement network: status and timeline

Milestones

Next · LSEG DiSH collaboration announced; industry testing

DBS, J.P. Morgan and Temasek announce Partior28 Apr 2021Complete.
Series B closes at $80M; over $1B processed27 Nov 2024Complete.
Deutsche Bank signs on as EUR/USD settlement bankMay 2025Complete.
Deutsche Bank's first live euro payment (DBS beneficiary)24 Sep 2025Complete.
LSEG DiSH collaboration announced; industry testingTarget 17 Sep 2026Current milestone.
Multi-settlement-bank solution goes liveTarget Q1 2027Not yet reached.

Most important updates

Upcoming

17 Sep 2026LSEG DiSH collaboration announced; industry testing (next)
Q1 2027Multi-settlement-bank solution goes live

Current obstacles

Network effects come slowlyEach new currency needs a settlement bank and enough counterparties; years after launch only three currencies are live.
Thin revenueRevenue was $285,000 in 2023 while losses grew 75%; staff were cut from over 130 to about 90 in July 2024.
Links to legacy railsPayments must still connect to SWIFT and national systems; Deutsche Bank's first euro payment had to bridge both.

Physics limits

Final money still lives at central banksTokenised deposits are claims on commercial banks; ultimate settlement in central-bank money still depends on RTGS systems and their opening hours.
A ledger can't remove credit risk aloneInstant settlement removes timing risk, but each balance is only as safe as the settlement bank that holds it.

How it works

4 parts

Fund

Banks hold tokenised deposits

Each currency has settlement banks (e.g. Deutsche Bank for euros); participants hold balances with them, recorded on the shared ledger.

Pay

Debit and credit in one step

A cross-border payment moves balances on the ledger directly from sender bank to beneficiary bank, with finality, 24/7.

Swap

Payment-versus-payment FX

In an FX trade a smart contract moves both currencies at once, so neither bank can pay out and fail to receive.

Liquidity

Topping up after hours

With LSEG DiSH, banks will shift settlement liquidity between settlement banks at any hour instead of pre-funding nostro accounts.

Spec sheet

Spec	Partior settlement network
Currencies live	USD, EUR, SGD^R (reported)
Currencies planned (Nov 2024)	10 incl. GBP, JPY, AED^R (reported)
Value processed (Nov 2024)	>$1B^R (reported)
Revenue (2023)	$285,000^R (reported)
Staff (Jul 2024)	~90^R (reported)

^R reported by the company

Update log

4 updates

About Partior

The team behind Partior settlement network

Partior

Bank-owned blockchain for cross-border settlement

Partior is a Singapore company, founded by DBS, J.P. Morgan and Temasek and joined by Standard Chartered and Deutsche Bank, that runs a shared ledger on which banks settle cross-border payments in tokenised commercial-bank money, around the clock.

Live in USD, EUR and SGD; 10 more currencies planned (Nov 2024).
Processed over $1B of transactions by Nov 2024; 2023 revenue was only $285,000.
Partnering with LSEG's DiSH for 24/7 multi-bank settlement liquidity, go-live from Q1 2027.

partior.com (opens partior.com)Company profile →

Founded: 20215 yrs
Headquarters: Singapore
Status: Private
Valuation: private
Raised: $80M2 rounds
Last round: Series B extension · $20M27 Nov 2024
Works in: CryptoBank & central-bank money
Coverage: 1 program · 4 updateslatest 24d agochecked 11 Oct
Lead investors: Deutsche BankPeak XV Partners
Partners: LSEG Digital Settlement House (opens lseg.com)
Investors: J.P. Morgan (Kinexys)DBS BankStandard CharteredDeutsche Bank (opens db.com)Temasek
People: Humphrey ValenbrederCEO

Partior settlement network

Milestones

Most important updates

Upcoming

Current obstacles

Physics limits

How it works

Banks hold tokenised deposits

Debit and credit in one step

Payment-versus-payment FX

Topping up after hours

Spec sheet

Update log

Thu 17 Sep

Wed 24 Sep 2025

Thu 28 Nov 2024

Wed 28 Apr 2021

About Partior

Current obstacles

Physics limits

How it works

Banks hold tokenised deposits

Debit and credit in one step

Payment-versus-payment FX

Topping up after hours

Spec sheet

Update log

Thu 17 Sep

Wed 24 Sep 2025

Thu 28 Nov 2024

Wed 28 Apr 2021

About Partior