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OSTTRA and Baton Systems have announced that Partior has joined their FX payment-versus-payment (PvP) settlement service, expanding the network to include tokenised commercial bank money. This integration enables institutions to settle FX trades around the clock using tokenised deposits in USD, EUR, and SGD, further diversifying liquidity tools within the network.
The FX PvP orchestration service, powered by Baton Systems’ distributed ledger technology, allows financial institutions to automate netting and atomic PvP settlement using fiat, tokenised commercial bank money, or central bank-like credit assets. The addition of Partior brings tokenised 24/7 settlement capabilities into a live environment with major institutional participants.
“Ability to settle FX trades with tokenised commercial bank money efficiently is a great step forward
Humphrey Valenbreder, CEO, Partior, commented, “As the industry moves beyond experimentation toward real-world adoption of digital assets, the ability to settle FX trades with tokenised commercial bank money efficiently is a great step forward. 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. With real-time, PvP settlement across both fiat and tokenised assets, this service gives institutions a smarter way to manage liquidity, reduce risk, and unlocks new opportunities to optimise capital across global markets.”
OSTTRA’s network supports automated matching and netting, enabling institutions to settle on-demand using a flexible combination of traditional and tokenised currencies. The system can orchestrate hybrid settlements where one leg of the trade is settled in fiat and the other in tokenised money, aligning with liquidity needs across time zones.
John Stewart, Co-CEO, OSTTRA, commented, “Our partnership with Baton last year was an exciting milestone. We set out to combine the global OSTTRA network with Baton’s game-changing technology to enable the widespread adoption of FX PvP, extending the critical benefits of liquidity optimisation and settlement risk mitigation to a broader range of currency pairs and market participants. With tokenised commercial bank assets rapidly emerging as a transformative force, the integration and partnership with Partior is a significant next step on our journey, acting on the feedback from our early adopters to provide more flexibility in settlement options.”
Baton Systems’ DLT platform has already processed over $13 trillion in settlements. The inclusion of Partior builds on this infrastructure, offering more options for institutions to manage risk and capital more efficiently. By bridging fiat and tokenised assets, the platform aims to meet the liquidity requirements of institutions operating in multiple jurisdictions.
Arjun Jayaram, Founder and CEO, Baton Systems, commented, “As the digital settlement landscape continues to rapidly evolve, we’re witnessing a major shift in how markets operate. The transition from fiat to digital assets is ushering in an era where banks can leverage multiple settlement venues to optimise liquidity and ensure safe settlement. With Partior now integrated with our institutional-grade DLT, we provide network participants with even greater choice in the account structures they can use to orchestrate settlement across venues for an increasingly diverse range of assets.”
The ecosystem now supports real-time access to settlement services across traditional and digital forms of money, reducing the need for pre-funding and increasing the efficiency of post-trade FX operations. The initiative continues to respond to rising institutional demand for programmable, risk-mitigated settlement services that can adapt to the evolving structure of financial markets.
