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The latest crypto news talks about Deutsche Bank and its strategic investment in the series B funding round of the Partior blockchain. The German banking giant has chosen to put a foot inside this project, expanding its participation in the bull sector of digital assets. Among the other investors of Partior, we find names such as JPMorgan and Standard Chartered All the details below. Deutsche Bank participates in the series B funding round of the Partior blockchain Deutsche Bank, one of the largest banking groups in the world, has chosen to participate in the latest funding round of Partior, a blockchain project from Singapore. The venture capital raising arrives in the series B growth phase, after the startup has  confirmed that it has expanded and consolidated its core business. At this stage, Partior has attracted the attention of the German bank, leading it to finance the promising activity with 20 million dollars. The investment adds to that of other VC players such as JPMorgan and Standard Chartered, Temasek Holdings, and Jump Trading, for a total of 80 million dollars. The lead investor of this round is Peak XV Partners, which helped bring the pre-valuation of the blockchain to 109.8 million dollars, according to CrunchBase. Deutsche Bank will join the Partior platform as a settlement bank for the euro and the US dollar. Patricia Sullivan, responsabile globale della gestione della liquidità istituzionale presso Deutsche Bank, commented as follows on the news of the strategic investment: “The payments sector is experiencing a long period of disruption, mainly due to the rapid advancement of technology and the push towards greater financial inclusion and transparency”. Source: https://www.crunchbase.com/funding_round/partior-series-b–a7d23c94 What functions does Partior perform in the fintech world and how will it leverage the VC funding? The Partior blockchain network aims to solve some inefficiencies of…

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Filed under: News - @ November 29, 2024 1:27 pm