JPMorgan Chase, DBS Bank, and MUFG Bank test Partior blockchain forex PvP solution

Partior, a new blockchain technology company, has completed the proof of concept for Payment versus Payment (PvP) settlement in foreign exchange payments. Participating banks in the testing include JPMorgan Chase, DBS Bank, and Mizuho Bank. This PvP settlement solution aims to eliminate settlement risks by simultaneously exchanging two currencies, enabling 24/7 real-time atomic settlement, and is expected to be launched later this year.