OSTTRA and Baton Systems have announced that Partior has connected to their on-demand FX payment-versus-payment (PvP) settlement network, enabling financial institutions to settle foreign exchange transactions using tokenised commercial bank deposits with 24/7 access.
The integration offers participants the flexibility to settle trades using fiat currency, tokenised commercial bank money, or assets with the credit characteristics of central bank money.
The addition of tokenised funds supports growing real-world adoption as institutions move beyond experimentation to streamline post-trade FX processes.
Institutions now have access to tokenised USD, EUR, and SGD from participating banks and can settle transactions on demand, around the clock.
The service continues to provide automated matching, netting, and programmable atomic PvP settlement through Baton’s distributed ledger technology, which has processed more than US$13 trillion in FX settlements to date.
The network’s interoperable design allows participants to settle both legs of a transaction in fiat, tokenised money, or a mix of the two, depending on liquidity needs across time zones.
This flexibility helps reduce pre-funding requirements and align settlement flows with internal liquidity strategies.
OSTTRA Co-CEO John Stewart said the integration builds on the company’s earlier partnership with Baton, which aimed to support widespread adoption of FX PvP by extending liquidity optimisation and risk mitigation benefits to more currency pairs and market participants.
Humphrey Valenbreder, CEO, Partior said:
“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.”
Baton Systems CEO Arjun Jayaram added that the integration expands settlement venue choices and supports safe, efficient liquidity orchestration across a wider range of assets.
Featured image: Edited by Fintech News Singapore, based on image by ilygraphic via Freepik
