Partior and OpenAssets run stablecoin clearing proof of concept using tokenised deposits
Key points
- Partior completed a proof of concept with OpenAssets to clear and settle stablecoin transactions using tokenised deposits.
- The trial integrated Partior's tokenised deposit network with OpenAssets' digital asset infrastructure layer for DvP settlement.
- OpenAssets and Partior share a common backer in Valor Capital, and Tether is among OpenAssets' investors.
- OpenAssets CEO Gabor Gurbacs is also an advisor to Hadron by Tether, Tether's tokenisation product.
- While framed as tokenised asset settlement broadly, the announcement indicates the primary focus is stablecoin redemption and clearing.
Partior, the multi-currency tokenised deposit network backed by several systemically important banks, has completed a proof of concept (PoC) with OpenAssets to clear and settle stablecoin transactions using tokenised deposits. The trial connected Partior's network with OpenAssets' digital asset infrastructure layer, targeting delivery versus payment (DvP) settlement.
OpenAssets is a tokenisation technology provider that shares a common backer with Partior in Valor Capital. It carries close ties to Tether, which is among its backers, and its chief executive Gabor Gurbacs also serves as an advisor to Hadron by Tether, Tether's own tokenisation offering.
Although the announcement frames the work broadly as tokenised deposits settling tokenised asset transactions, the likelier read is that the primary use case is stablecoin redemption and clearing. That framing positions tokenised deposits as a settlement rail for stablecoin activity rather than a standalone product, suggesting Partior is exploring how its bank-grade infrastructure can absorb settlement flow generated by stablecoin ecosystems. The shared investor relationship between the two firms is worth noting when assessing how this PoC might progress toward a live arrangement.