Partior, LSEG unit team up on 24/7 blockchain cross-border settlement network

Partior, a blockchain-based interbank payments network jointly founded by JPMorgan, DBS and Temasek, said it will work with LSEG DiSH, a payment infrastructure unit of London Stock Exchange Group, to build a 24/7 international settlement system. The companies are developing a solution that combines LSEG DiSH trust accounts with Partior’s multi-currency clearing and settlement network to move liquidity across multiple settlement banks on a near real-time basis, 24 hours a day, 365 days a year. The plan is to reduce the need to prefund nostro and vostro accounts for interbank settlements while lowering reliance on traditional cross-border transfer cutoff times.