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JPMorgan, DBS, and MUFG test Partior blockchain forexPvP solution
Golden Finance reported that Partior in Singapore has completed the proof-of-concept for forex 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 scheduled to launch later this year.