Partior and LSEG DiSH Launch Multi-Settlement Bank Solution for Global Payments

Partior and LSEG Digital Settlement House (DiSH) have joined forces to enhance the efficiency and speed of cross-border payments through a new always-on settlement bank liquidity solution. This collaboration aims to address the inefficiencies in the traditional correspondent banking model, which has become a bottleneck for corporate and financial institutions.

The partnership brings together the strengths of Partior’s blockchain-based clearing and settlement network and DiSH’s omnibus trust account framework. Together, they are developing a Multi-Settlement Bank (MSB) solution that combines the reach of correspondent banking with the speed and efficiency of digital settlement. This solution is designed to enable 24/7 liquidity management, unified corporate experiences, and comprehensive payment rails, thereby reducing the need for pre-funded bilateral nostro relationships.

According to Andrew Williams, CEO of Post Trade Solutions at LSEG, "LSEG DiSH provides the neutral, trusted third-party option required to connect independent payment ecosystems securely with the potential to do so at scale. By adding our omnibus trust account option with Partior's clearing scheme, we enable participating banks to instantly manage settlement liquidity 24/7 without the need for direct bilateral account and proprietary digital system integration."

Humphrey Valenbreder, CEO of Partior, emphasized the practical benefits of the partnership: "Partnering with market infrastructure like LSEG DiSH unlocks immediate, tangible value for our customers today. By bringing a live settlement liquidity option for our bank users directly into Partior, we eliminate legacy nostro friction and offer a proven, production-ready blueprint for the rest of the global banking community to join."

The strategic collaboration also involves several participating banks, including Deutsche Bank, Standard Chartered, and Kinexys Blockchain Deposit Account clients. These banks are looking to optimize their liquidity management and reduce dependence on payment cut-off times. Patricia Sullivan, Global Head of Institutional Cash Management at Deutsche Bank, stated, "We are actively pushing the boundaries of commercial bank money settlement to deliver tangible liquidity efficiency. By removing the need for pre-funded nostro/vostro accounts outside standard operating hours, this multi-settlement bank framework will allow us to execute cross-border transactions and optimise liquidity 24/7 for our clients."

The combined solution is expected to lay the groundwork for intraday funding and settlement, including for intraday foreign exchange (FX) and intraday repurchase agreements (Repo). The firms are currently undergoing industry testing, with plans to move towards production go-live and commercial onboarding for additional settlement banks by the first quarter of 2027.

Partior, backed by DBS Bank, J.P. Morgan, Standard Chartered, Temasek, Peak XV, Valor Capital, Deutsche Bank, and Emirates NBD, is committed to driving new possibilities through purposeful innovation. The company’s blockchain solutions are designed to solve the challenges of today and unlock the opportunities of tomorrow, enabling real-time, cross-border movement of digital money efficiently and seamlessly.

LSEG DiSH, an innovative settlement platform, acts as a trusted third party to orchestrate settlement between independent payment networks and facilitate interoperability between settlement assets. It will be a mechanism for the 24/7 movement of cash through commercial bank accounts (DiSH Cash).

The collaboration between Partior and LSEG DiSH is seen as a significant step towards creating a more streamlined and efficient global payments infrastructure, addressing the needs of corporates seeking greater efficiency and global consistency in their payment operations.