Marketnode, a Singapore-based digital market infrastructure operator, received an investment from Euroclear.
The amount of the deal was not disclosed.
By joining forces with Marketnode and its existing shareholders, Euroclear aims to participate in the setup of a key market infrastructure in Asia-Pacific designed to simplify the management of funds flows and reduce settlement times by using new technology. The investment aligns with Euroclear’s global funds strategy and strengthens its one-stop-shop fund offering – Euroclear FundsPlace® – in the Asia-Pacific region.
Founded by SGX Group and Temasek in 2021 and led by CEO Rehan Ahmed, Marketnode serves as Asia-Pacific’s DLT-powered financial market infrastructure. It operates two platforms: Gateway, a one-stop, end-to-end platform leveraging the potential of tokenisation, and Fundnode, Singapore’s investments fund infrastructure on blockchain. Fundnode provides the funds ecosystem with a single platform for transaction management, funds processing, and record-keeping.
HSBC invested in Marketnode in May 2024.
FinSMEs
17/10/2024