Partior and OpenAssets complete atomic DvP test using tokenised bank deposits as settlement currency
Partior and OpenAssets complete atomic DvP test using tokenised bank deposits as settlement currency #
Settlement infrastructure firm Partior and digital asset provider OpenAssets have jointly completed a proof of concept (PoC) demonstrating atomic delivery-versus-payment (DvP) across digital assets, regulated stablecoins, and commercial tokenised bank deposits. The companies say the result points toward round-the-clock institutional settlement.
Announced on 30 July, the PoC addressed a friction point in institutional finance: digital assets, stablecoins, and commercial bank money have historically operated in separate settlement silos, requiring firms to rely on fragmented workflows and manual reconciliation. The exercise linked OpenAssets’ digital asset infrastructure with Partior’s blockchain-based settlement network to execute a single atomic transaction flow across those systems.
The central design choice was to place tokenised commercial bank money, rather than stablecoins, in the role of the primary cash leg. According to the companies’ joint announcement, this approach demonstrated that regulated bank deposits, represented as tokens on the Partior network, can provide settlement finality and instant liquidity movement while carrying the credit standing of a commercial bank. The PoC also validated end-to-end orchestration, meaning the system automatically coordinates asset and stablecoin movements through to ledger reconciliation and final credit delivery without manual intervention.
Additional capabilities tested included 24/7 settlement availability and liquidity flexibility, giving institutions the option to settle or redeem stablecoin obligations individually or in batches, depending on operational preference.
Partior described the collaboration as evidence that a scalable interoperability model is achievable across global banks and financial market infrastructures. The company framed the result as part of its broader strategy to build an open network that lowers barriers for digital asset providers seeking access to regulated settlement rails.
The exercise adds to recent industry experimentation in tokenised settlement, including the BIS Project Agorá pilot and BNY’s blockchain-based transfer agency migration, which have demonstrated real-value cross-border transactions and tokenised record-keeping at scale. Partior, which counts several large banks among its backers, positions itself as an infrastructure layer designed to connect these emerging ecosystems rather than compete with individual participants.
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