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Standard Chartered Invests in JPM and DBS-Backed Blockchain Payment Network Partior

The size of the investment has not been disclosed.

By Jamie Crawley
AccessTimeIconNov 3, 2022 at 11:46 a.m. UTC
Updated May 9, 2023 at 4:01 a.m. UTC
Standard Chartered (Shutterstock)
Standard Chartered (Shutterstock)
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Standard Chartered (STAN) has invested in Partior, the blockchain-based payment network founded by JPMorgan (JPM), DBS Bank (D05) and Singapore government-owned investment fund Temasek.

The size of the investment has not been disclosed. Neither Standard Chartered nor Partior immediately responded to CoinDesk's request for comment in this area.

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    • The bank will become a "founding shareholder" in the network, serving as the first euro settlement provider for the platform, according to an announcement Thursday.

    Partior was formed by JPMorgan, DBS and Temasek last year with the aim of developing wholesale payments rails, harnessing blockchain and smart contracts to allow instantaneous settlement between financial institutions.

    Read more: JPMorgan Backs $20M Round for Blockchain Infrastructure Startup Ownera



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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter

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