DBS Bank, JP Morgan and Temasek to form Partior.

DBS Bank, a bank operator, JP Morgan, a financial holding company, and Temasek, an investment company, to form Partior, an open industry platform to reimagine and accelerate value movements for payments, trade and foreign exchange settlement. Financial terms were not disclosed. “By harnessing the benefits of blockchain and smart contracts technology, the Partior platform will address current points of friction. The open platform will enable banks around the world to provide real-time cross-border multi-currency payments, trade finance, foreign exchange and DVP securities settlements on a world-class platform, with programmability, immutability, traceability built into its suite of services," Piyush Gupta, DBS Bank CEO.