TechFlow news, Standard Chartered Group (02888) announced that on November 3, 2022, SCOHL, a wholly-owned subsidiary of Standard Chartered, entered into a share subscription agreement with Partior. SCOHL agreed to subscribe for shares in Partior at a price of USD 2.573 per share, with a total subscription amount of USD 23.3328 million, acquiring a 25% equity stake in Partior.
Partior was incorporated in May 2021 and is headquartered in Singapore. It operates a blockchain-based cross-border payment and value exchange platform capable of digital clearing and settlement in multiple currencies.
The announcement stated that the investment in Partior is aligned with Standard Chartered’s vision of shaping the future of payments, ensuring the bank can deliver payment infrastructure that meets its clients’ emerging needs. This investment enables Standard Chartered to deepen its blockchain innovation capabilities and reinforces its commitment to building a more transparent, efficient, and secure infrastructure for global value movement.Original link
