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

ChainCatcher news, according to Ledger Insights, the Singapore project Partior has completed a proof of concept for payment versus payment (PvP) settlement, with participants including JP Morgan, DBS Bank, and Mizuho Bank.

PvP settlement eliminates settlement risk by simultaneously exchanging two currencies. Partior's solution supports 24/7 real-time atomic settlement and is planned to be launched later this year.