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Project Ubin Offshoot Partior Lays Groundwork for Global Expansion

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Singapore-headquartered Partior has announced key milestones in its international expansion journey, highlighting the growth of its partners and currency offerings.

Established just nine months ago, Partior, which operates a global blockchain-based financial market infrastructure, also unveiled its full senior leadership team and its Hyderabad Development Centre, the first in the company’s line-up of international offices as it globalizes its technology.

Partior – an independent company that has its roots in the Project Ubin collaboration backed by the Monetary Authority of Singapore – was founded by J.P. Morgan, DBS and Temasek last year. The company aims to make digital clearing and settlement more efficient, reliable and secure for financial institutions worldwide by harnessing the key features of blockchain and smart contracts — programmability, immutability and traceability — to address the industry’s longstanding pain points.

Growing the ecosystem is a cornerstone of Partior’s expansion plans, in tandem with the production and deployment of its technology, the company said in an announcement on Tuesday. Partior is in “advanced engagements” with leading banks, central banks and fintech companies across 15 countries, and will bolster its currency offerings on its platform by 2022, with a view to integrate additional currencies in 2023.

New hires & development center

Partior’s new Hyderabad Development Centre will serve as a Web 3.0 centre of excellence, scaling the production and delivery of its technology.

“The new centre will harness the vast engineering talent pool in India to deepen the company’s innovation capabilities as the company prepares the fourth-generation of its product this year,” Partior said.

The company has also hired a number of innovative and domain expert leaders to join chief executive officer Jason Thompson and chief technology officer Dmitry Avramenko in its executive leadership team:

  • Stella Lim, Chief Operating Officer

Stella was most recently managing director, Asia Pacific for SWIFT, bringing with her invaluable senior leadership experience in the global financial services industry. As Partior’s chief operating officer, Lim will be forging strategic global partnerships across ecosystem stakeholders and spearheading initiatives to strengthen the company’s organisational capabilities to advance the global delivery of its technology.

  • Atul Bhuchar, Head of Product

A forward-thinking product innovator with global delivery experience, Bhuchar pioneered many industry-leading payments and transformational digital initiatives in his previous role as the group payments head in global transaction services at DBS. As head of product, Bhuchar will formulate and execute the company’s global product strategy.

  • Saxon Bartrop, Head of Architecture, Design and Innovation

Saxon joins from UOB where he was group domain architecture head for wholesale banking (payments & channels). In his new role, Bartrop will oversee the company’s innovation development and enable the delivery of its technology architecture globally.

  • Angie Ong, General Counsel

With international experience spanning Sydney, New York and Silicon Valley, Ong brings to Partior legal acumen at the intersection of finance and technology. She was most recently the head of product legal, overseeing Meta’s financial technologies. As General Counsel, Angie lends her expertise in distributed liability technology as well as her legal and regulatory practice to strategically guide Partior’s global expansion.

  • Abhinava Kumar Singh, Technology Head, Hyderabad Development Centre

Abhinava played a key role in NatWest Group’s implementation of its payments engineering roadmap as its director and engineering practice head for payments. He will drive global technology production at Partior’s new Hyderabad centre.