Singapore-headquartered Partior and LSEG Digital Settlement House have agreed to develop a multi-settlement-bank liquidity framework intended to support round-the-clock cross-border payments across Partior’s network.
The companies said the planned Multi-Settlement Bank solution will combine LSEG DiSH trust accounts with Partior’s multi-currency clearing and settlement infrastructure. The aim is to let financial institutions move settlement liquidity across multiple settlement banks and currencies with fewer dependencies on conventional payment cut-off times.
Testing is already under way with banks, according to the companies. Production launch and commercial onboarding of additional settlement banks are targeted from the first quarter of 2027.
Targeting liquidity between settlement banks
The collaboration focuses on a common problem in cross-border payments: institutions often have to pre-position liquidity or manage separate correspondent relationships across currencies, banks and operating hours.
Partior and LSEG DiSH said their framework is intended to reduce the need for bilateral pre-funded nostro arrangements while allowing settlement liquidity to move between participating banks. Availability will still be subject to scheduled maintenance and other operating conditions.
J.P. Morgan, Deutsche Bank and Standard Chartered were among the banks quoted in the companies’ announcement discussing the need for more flexible settlement-bank liquidity.
Partior operates a blockchain-based clearing and settlement network that currently supports several currencies. Its investors include DBS, J.P. Morgan, Standard Chartered and Temasek, alongside other financial and venture investors.
Partior continues to extend its settlement network
The LSEG DiSH project adds a liquidity layer around Partior’s existing settlement rails rather than replacing the underlying bank relationships. The commercial model and full roster of settlement banks have not yet been disclosed.
The latest collaboration remains in testing. The companies are targeting production availability from Q1 2027, so the 24/7 multi-bank framework should not yet be described as a fully live commercial service.
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