As a seasoned researcher with a keen interest in blockchain technology and financial markets, I find this news particularly intriguing. The strategic investment by Euroclear into Marketnode, a Singapore-based blockchain infrastructure startup, signals a significant step forward for the Asia-Pacific region in terms of embracing innovative technologies for traditional financial systems.
The Singaporean blockchain infrastructure company, Marketnode, has obtained financing from the European clearinghouse heavyweight, Euroclear, to broaden its offerings within the Asia-Pacific market.
In simpler terms, Marketnode – a company that focuses on blockchain technology, located in Singapore – recently received a strategic investment from Euroclear, a clearinghouse based in Europe. This investment is intended to help Marketnode extend its services throughout the Asia-Pacific area.
On October 17th, I announced a significant collaboration for our Singapore-based startup specializing in blockchain-driven financial infrastructure and asset tokenization management. This strategic investment aligns with Euroclear’s global funds strategy, though the specific financial terms have not been revealed yet. However, this partnership is anticipated to strengthen Euroclear’s comprehensive fund offering in the region.
According to Rehan Ahmed, Marketnode’s CEO, this investment will significantly boost the expansion of Marketnode’s platforms. He is excited about collaborating with Euroclear, HSBC, Temasek, and their clients to create cutting-edge financial market infrastructure from Asia, aiming to fulfill our mission and vision.
As a researcher, I have been involved in exploring the realm of blockchain technology, where Euroclear and the World Bank collaborated on a project that marked a significant milestone. This partnership resulted in the launch of a tokenized securities issuance service, which included the groundbreaking issue of a €100 million digital bond.
Established by SGX Group and Temasek in 2021, Marketnode functions as the Asia-Pacific’s financial market infrastructure supported by distributed ledger technology. This innovative startup provides a comprehensive platform featuring capabilities for issuance, data management, workflow, and tokenization, along with blockchain-enabled fund settlement systems. In May, Marketnode successfully concluded its Series A funding round, with HSBC leading the investment, as well as additional funds from Temasek to expand their platform and foster a multi-asset ecosystem.
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2024-10-17 13:37