# DBS, J.P. Morgan and Temasek form Partior to run a blockchain platform for interbank payments

Canonical page: https://technooptimist.io/stories/dbs-j-p-morgan-and-temasek-form-partior-to-run-a-blockchain-platform-e75d3fea
Date: 28 Apr 2021
About: [Partior](https://technooptimist.io/companies/partior.md) · [Partior settlement network](https://technooptimist.io/crypto/partior-network.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

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. It builds on the Monetary Authority of Singapore's Project Ubin and starts with USD and SGD.

## Key facts

- Use cases: FX payment-versus-payment, delivery-versus-payment and escrow, 24/7.
- J.P. Morgan's Takis Georgakopoulos: a shared ledger 'will change the way payments are cleared and settled'.
- MAS's Sopnendu Mohanty called the launch a 'global watershed moment for digital currencies'.

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