Blockchain Payment Network Partior Secures $60 Million in Series B Funding

This week saw nearly $100 million raised across various funding rounds, with the most significant round secured by Partior, a blockchain payment network, which raised $60 million in its Series B round. This funding round was led by Peak XV Partners and included substantial contributions from Jump Trading Group and Valor Capital Group. Partior is a joint venture involving major financial institutions such as JPMorgan, Temasek, DBS, and Standard Chartered, all of which participated in this funding round.

Blockchain Payment Network Partior Secures $60 Million in Series B Funding
Blockchain Payment Network Partior Secures $60 Million in Series B Funding

This week saw nearly $100 million raised across various funding rounds, with the most significant round secured by Partior, a blockchain payment network, which raised $60 million in its Series B round. This funding round was led by Peak XV Partners and included substantial contributions from Jump Trading Group and Valor Capital Group. Partior is a joint venture involving major financial institutions such as JPMorgan, Temasek, DBS, and Standard Chartered, all of which participated in this funding round.

Partior aims to revolutionize liquidity management for both corporate and financial institutions on a global scale. The fresh influx of capital will be instrumental in developing new capabilities, including Intraday FX Swaps, Cross-Currency Repos, Programmable Enterprise Liquidity Management, and Just-in-Time Multi-Bank Payments. Currently, Partior supports USD, SGD, and EUR. The new investment will aid in expanding its international network and integrating additional currencies, thereby enhancing its global reach and operational scope.

In other funding news, Tread.Fi, a crypto-native algorithmic trading infrastructure company led by former Morgan Stanley VP of quantitative research David Jeong, announced a $3.5 million pre-seed investment round. This round was spearheaded by New Form Capital, with participation from Aquanow and Varys Capital. Tread.Fi offers sophisticated portfolio management tools and advanced execution algorithms, enabling clients to operate the trading engine privately in-house. This feature provides a unique level of privacy and ownership over trading activities, which is particularly advantageous for routing orders to crypto-native exchanges.

Other notable funding rounds this week include ZAP, a blast-based token distribution protocol, which raised $15 million in a round led by Rarestone, Cypher Capital, and Sharding Capital. Additionally, crypto startup Rome Protocol secured $9 million to bring modular services on Solana to the Ethereum network. Furthermore, DeFi fixed-rate lending protocol Term Finance raised $5.5 million in a funding round led by Electric Capital.

These significant investments highlight the growing interest and confidence in the potential of blockchain and crypto technologies to innovate and transform various sectors. Companies like Partior and Tread.Fi are at the forefront of this revolution, developing cutting-edge solutions that address critical needs in the financial ecosystem. The infusion of capital into these ventures not only supports their immediate growth objectives but also signifies a broader commitment to advancing the capabilities and adoption of blockchain technology globally.

As the landscape of blockchain and cryptocurrency continues to evolve, these funding rounds underscore the dynamic nature of the industry and the relentless pursuit of innovation by startups and established companies alike. The support from prominent investors and financial institutions further reinforces the credibility and potential of these emerging technologies to create more efficient, secure, and inclusive financial systems.

The developments within Partior and other funded startups this week signal a robust pipeline of innovations set to reshape the future of finance. With ongoing advancements and increasing investments, the blockchain and crypto sectors are poised for significant breakthroughs, driving forward the next wave of technological evolution in the financial world.