Today, blockchain payment technology company Partior announced that it has closed a Series A funding round led by Standard Chartered, with founding sponsors JP Morgan, DBS Bank and Temasek joining the round.

The Singapore startup is developing a blockchain-based interbank payment network and is on track to support eight currencies USD, SGD, GBP, EUR, AUD, JPY, CNH, and HKD. While it may be based in Singapore, the startup has global ambitions and is already involved with organizations in 15 countries.

Each bank is responsible for its own node in the network, and Standard Chartered will be one of the euro settlement banks.

“Our vision has always been to transform global payments and become the global ledger for value exchange for financial institutions,” said Jason Thompson, CEO of Partior. Welcoming Standard Chartered, he said: “They are a strategic partner in diversifying our network and scaling the delivery of our technology globally.”

Standard Chartered is among the top banks in the world for blockchain and digital asset adoption. He has extensive blockchain interests tied to trade finance and is the founder of Zodia Custody and cryptocurrency brokerage firm Zodia Markets.

“Our investment in Partior demonstrates the bank’s relentless pursuit of innovation, with the aim of bringing greater efficiency to cross-border payments and simplifying the customer experience,” said Philip Panaino, Global Head of Cash, Transaction Banking, Standard Chartered. “We are delighted to collaborate with other industry partners, who share our commitment to fulfilling the aspirations of the G20 to improve cross-border transactions for the benefit of citizens and economies around the world.”

All three investing banks are involved in Monetary Authority of Singapore tokenization and DeFi trials. JP Morgan and DBS participated in pilot tests using DeFi, with the first results being announced yesterday. And Standard Chartered plans to test tokenization of trade finance assets.