# Partior settlement network by Partior Canonical page: https://technooptimist.io/crypto/partior-network Frontier: [Crypto](https://technooptimist.io/crypto.md) · Field: Bank & central-bank money · Company: [Partior](https://technooptimist.io/companies/partior.md) Stage: Deploy (4 of 5: Research → Proto → Pilot → Deploy → Scaling) Updated: last update 2026-09-17, facts checked 2026-10-11 Goal: Make cross-border bank payments settle in seconds at any hour instead of days through chains of correspondent banks, and settle both sides of currency trades at once so neither bank risks paying without being paid. Status: Live in USD, EUR and SGD; LSEG DiSH multi-bank liquidity in testing for go-live from Q1 2027. Next milestone: LSEG DiSH collaboration announced; industry testing, target 17 Sep 2026 ## Milestones | Status | Milestone | Date | Slip | | --- | --- | --- | --- | | Done | DBS, J.P. Morgan and Temasek announce Partior | 28 Apr 2021 | | | Done | Series B closes at $80M; over $1B processed | 27 Nov 2024 | | | Done | Deutsche Bank signs on as EUR/USD settlement bank | May 2025 | | | Done | Deutsche Bank's first live euro payment (DBS beneficiary) | 24 Sep 2025 | | | Current | LSEG DiSH collaboration announced; industry testing | 17 Sep 2026 | | | Planned | Multi-settlement-bank solution goes live | Q1 2027 | | ## Upcoming events - **17 Sep 2026**: LSEG DiSH collaboration announced; industry testing - **Q1 2027**: Multi-settlement-bank solution goes live ## Most important updates - **17 Sep 2026**: Partior and LSEG's DiSH team up for 24/7 settlement-bank liquidity; go-live planned from Q1 2027. A 'Multi-Settlement Bank' solution will combine LSEG DiSH trust accounts with Partior's network so banks can move settlement liquidity between settlement banks at any hour, reducing reliance on payment cut-offs and pre-funded nostro… ([our story](https://technooptimist.io/stories/partior-and-lseg-s-dish-team-up-for-24-7-settlement-bank-liquidity-go-02335062.md) · [original source](https://www.lseg.com/en/media-centre/press-releases/2026/partior-lseg-dish-always-on-settlement-bank-liquidity-cross-border-payments-network)) - **24 Sep 2025**: Deutsche Bank makes its first euro cross-border payment on Partior, with DBS as beneficiary. Deutsche Bank acted as settlement bank and DBS as beneficiary in a live euro payment, months after Deutsche signed its platform agreement in May 2025. ([our story](https://technooptimist.io/stories/deutsche-bank-makes-its-first-euro-cross-border-payment-on-partior-with-c6c4ae74.md) · [original source](https://www.db.com/news/detail/20250925-deutsche-bank-conducts-first-euro-transaction-via-blockchain)) - **28 Nov 2024**: Partior closes $80M Series B as Deutsche Bank invests and plans to settle euros and dollars. Deutsche Bank's investment completed a Series B that began with $60M in July 2024 led by Peak XV Partners. ([our story](https://technooptimist.io/stories/partior-closes-80m-series-b-as-deutsche-bank-invests-and-plans-to-f0d6132c.md) · [original source](https://fintechnews.sg/104329/blockchain/partior-deutsche-funding/)) - **28 Apr 2021**: DBS, J.P. Morgan and Temasek form Partior to run a blockchain platform for interbank payments. The three set up Partior to replace the hub-and-spoke correspondent model with a shared ledger of digitised commercial-bank money, enabling near-instant, atomic settlement of payments, trade and FX. ([our story](https://technooptimist.io/stories/dbs-j-p-morgan-and-temasek-form-partior-to-run-a-blockchain-platform-e75d3fea.md) · [original source](https://www.dbs.com/newsroom/DBS_JP_Morgan_and_Temasek_to_establish_platform_to_transform_interbank_value_movements_in_a_new_digital_era)) ## Current obstacles - **Network effects come slowly**: Each new currency needs a settlement bank and enough counterparties; years after launch only three currencies are live. - **Thin revenue**: Revenue was $285,000 in 2023 while losses grew 75%; staff were cut from over 130 to about 90 in July 2024. - **Links to legacy rails**: Payments 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 banks**: Tokenised 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 alone**: Instant settlement removes timing risk, but each balance is only as safe as the settlement bank that holds it. ## How it works ### 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 | Provenance | | --- | --- | --- | | Currencies live | USD, EUR, SGD | reported | | Currencies planned (Nov 2024) | 10 incl. GBP, JPY, AED | reported | | Value processed (Nov 2024) | >$1B | reported | | Revenue (2023) | $285,000 | reported | | Staff (Jul 2024) | ~90 | reported | Provenance: reported = stated by the company; estimated = our estimate; sample = a sample figure. ## About Partior 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. - Founded: 2021 - Headquarters: SG - Status: private - Raised: $80M - Last round: Series B extension $20M, 27 Nov 2024, led by Deutsche Bank - Website: https://www.partior.com - People: Humphrey Valenbreder (CEO) - Partners, customers, investors: J.P. Morgan (Kinexys) (investor); DBS Bank (investor); Standard Chartered (investor); Deutsche Bank (investor); Temasek (investor); LSEG Digital Settlement House (partner) Company page: https://technooptimist.io/companies/partior.md ## Related programs Everything in Crypto: https://technooptimist.io/crypto.md --- The Techno Optimist tracks every frontier of technology, program by program: https://technooptimist.io/ (a Markdown version of any page: add .md to its URL; site map for agents: https://technooptimist.io/llms.txt). Data API (JSON, realtime stream): https://technooptimist.io/developers. People read 5 pages free, then Reader $10/month; these Markdown pages are open to agents.