DLT payment infrastructure Partior is the latest firm to integrate with OSTTRA’s FX payment-versus-payment (PvP) settlement orchestration service. With the integration, Partior can now use tokenised commercial bank deposits for atomic PvP settlement and liquidity optimisation.
The FX PvP network was launched in 2024 by post-trade solutions provider OSTTRA, using Baton system’s DLT. At the time of its launch, the service was described as a “milestone in increasing market wide access to PvP, helping to address FX settlement risk concerns”. Its focus is “on settling flows not currently settled on CLS” and to give both bank and non-bank market participants “greater flexibility to settle FX transactions intraday, without being tied to the CLS cut-off window”.
Casting a wider net
With every new integration, the network’s capabilities get further extended. OSTTRA states in a press release that the service delivers “access to a live ecosystem with major institutional banks offering settlement in a growing range of currencies, including USD, EUR, and SGD tokenised commercial bank money”.
Automated matching, netting, and settlement orchestration deliver programmable atomic PvP. Users can now elect to settle FX transactions in three ways: using fiat currency, tokenised commercial bank money, or an asset with the credit characteristics of central bank money.
Flexibility is valued
The network has an interoperable design that allows various settlement combinations, including where one currency leg involves traditional fiat currency and the other, tokenised money. OSTTRA writes that “this flexibility allows network participants to align tokenised settlements with their institution’s liquidity demands across global markets, while minimising pre-funding requirements when dealing with currencies in different time zones”.
Partior CEO Humphrey Valenbreder says, “It’s not just about speed or 24/7 access – it’s about setting the stage for a more connected, resilient, and accessible financial system.” He believes that with real-time PvP settlement across both fiat and tokenised assets, institutions are better able to manage liquidity, reduce risk, and unlock opportunities to optimise capital across global markets.
