Temasek, DBS, JP Morgan launch blockchain-based cross-border payment platform

Singapore’s $214 billion state investor Temasek, financial services group DBS and US investment banking firm JP Morgan will jointly establish a new venture named Partior, what the trio described as an open industry platform to “reimagine and accelerate value movements for payments, trade, and foreign exchange settlement”.

Details of how the management of Partior will be split among the investors were not disclosed.

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