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OverviewAPI
The $2.2 trillion problem of Herstatt risk in the financial industry requires a solution, with Partior, a joint initiative by JPMorgan Chase & Co., DBS Group Holdings Ltd., and Temasek Holdings, aiming to reduce settlement risk and introduce smart contracts for intraday FX swaps. A unified ledger to track changes in digital tokens and promote a global source of truth is also proposed, acknowledging technological challenges.

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