Emirates NBD has launched real-time cross-border dollar payments through Partior, becoming the first financial institution in the Middle East, North Africa and Türkiye region to use the block
Emirates NBD has launched real-time cross-border dollar payments through Partior, becoming the first financial institution in the Middle East, North Africa and Türkiye region to use the blockchain network for live USD settlement.
The service is available to corporate and institutional clients sending payments to beneficiary accounts held at J.P. Morgan. A successful live USD transaction used J.P. Morgan as both the settlement bank and beneficiary bank before the wider client rollout.
Partior processes payment instructions, validation, clearing and settlement through a shared blockchain ledger. The infrastructure offers continuous settlement and real-time visibility without relying on the sequential processing used across conventional correspondent banking chains.
“As the needs of our corporate and institutional clients evolve, we continue to deliver innovative solutions that create value for their businesses,” Anith Daniel, Emirates NBD’s group head of transaction banking services, said. “Moving from partnership to live execution on the Partior network enables us to offer faster USD settlement for J.P. Morgan beneficiaries.”
Emirates NBD first agreed to join Partior in October 2024, initially targeting support for UAE dirham, Saudi riyal and Indian rupee settlement alongside major foreign currencies.
The bank has now moved from integration work into commercial USD execution. Partior’s network provides payment pre-validation, settlement finality and real-time liquidity visibility, allowing institutions to manage funding without waiting for traditional payment cutoffs.
Partior was launched in 2021 and is backed by DBS, J.P. Morgan, Standard Chartered, Temasek, Peak XV, Valor Capital Group and Jump Trading Group. Commercial flows on the network already include dollars, euros and Singapore dollars.
Emirates NBD has also joined J.P. Morgan’s Kinexys Liink network for account validation, adding another blockchain-based layer to its international payment operations.
The launch adds wholesale blockchain settlement to a UAE market already moving regulated digital assets closer to established banking.
Standard Chartered recently opened institutional USDC minting and redemption through its Dubai International Financial Centre operations, connecting client bank accounts with Circle’s stablecoin infrastructure.
The UAE Central Bank has also licensed the dirham-backed DDSC stablecoin for issuance on ADI Chain, with First Abu Dhabi Bank providing banking and reserve infrastructure.
Emirates NBD and Partior plan to add more settlement currencies, payment corridors and participating banks after the initial USD rollout. Corporate clients can currently use the service when the beneficiary account is held at J.P. Morgan.
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