Clifford Chance advises blockchain payment network Partior on fundraising

Leading international law firm Clifford Chance has advised blockchain-based payment network Partior on its Series A funding and fundraising round, which sees Standard Chartered join Partior’s founding consortium comprising DBS Bank, JP Morgan Chase and Temasek. The firm previously advised the consortium that first created Partior in 2021.

The investment accelerates and expands the usefulness of Partior’s open industrial platform in global capital markets with Standard Chartered serving as Partior’s premier euro settlement bank, expanding the platform’s currency offerings beyond beyond its first list of eight global currencies.

Partior also recently launched its Hyderabad Development Center and remains on track to realize its vision of transforming global payments and becoming the global ledger for the exchange of value for financial institutions, having completed an SGD settlement. -USD end-to-end record under 120 seconds in October 2022.

Singapore Managing Partner Valerie Kong, who led Clifford Chance’s team on the transaction, said: “We are delighted to advise Partior on its successful fundraising, which will open up new opportunities in the transformation of cross-border payments. The transaction demonstrates the depth and breadth of our global expertise in DeFi. »

Valerie was supported by senior partner Matt Wentz, partners David Ho and Shi Cheng Chong and trainee lawyer John Wu. A multi-jurisdictional team in Beijing, Brussels, Hong Kong, London, New York, Tokyo, Singapore and Washington , DC provided additional expert advice:

  • Partner Lena Ng advised on Singapore regulatory aspects;
  • Counsel Philip Angeloff provided advice on US regulatory aspects;
  • Lawyer Hajime Saito and partner Tomoki Goto advised on regulatory aspects in Japan;
  • Senior Partner Jane Chen and intern Yvonne Cheng advised on regulatory aspects in China;
  • Partner Michael Seaton and Partner Wei Bin Tan advised on US tax aspects;
  • Partner Richard Blewett, consultant Dayu Man, partner Helga Gudmundsdottir and intern Chloe Lettington advised on antitrust matters;
  • Consultant Brian Harley and senior partner Sharon Zhang provided advice on platform agreements; and
  • Partner Ling Ho and senior partner Iris Mok advised on intellectual property aspects.

The transaction is subject to regulatory approvals and other customary closing conditions.

Partior General Counsel Angie Ong said: “Valerie and the team at Clifford Chance provided world-class legal advice throughout the process. We are privileged to have the Clifford Chance team as our trusted legal partner as Partior embarks on our vision to transform global payments and become the global ledger for the exchange of value for financial institutions.

Partior is a developer and provider of blockchain-based technologies for digital payment clearing and settlement.

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Elaine R. Knight