Euroclear invests in Singapore's blockchain firm Marketnode
Euroclear has made its first move into the Asian market by acquiring a stake in Marketnode, a Singapore-based digital infrastructure company that focuses on blockchain technology.
Marketnode is backed by key industry players, including Temasek, SGX Group, and HSBC.
This strategic investment aims to modernise financial market infrastructure by using blockchain to simplify fund management and speed up settlement processes.
According to a statement from Philippe Laurensy, CEO of Euroclear’s Asia Pacific markets, the partnership highlights a commitment to developing a new generation of funds infrastructure, combining Euroclear’s global reach with Marketnode’s digital capabilities.
Euroclear, known for providing post-trade services such as securities settlement and asset custody, sees this as an opportunity to enhance financial transactions using distributed ledger technology (DLT).
Founded in 2021 by SGX Group and Temasek, Marketnode operates two major platforms, Gateway and Fundnode.
These blockchain-powered platforms focus on digital fund management and the tokenisation of assets.
Fundnode, in particular, streamlines processes related to fund transactions and record-keeping, making it more efficient for users.
This blockchain integration has attracted notable investments, with HSBC joining as an investor earlier in 2024.
Rehan Ahmed, CEO of Marketnode, expressed optimism about the partnership, citing Euroclear’s connectivity and operational expertise as crucial to accelerating the growth of Marketnode’s platforms, especially Fundnode.
Ahmed believes this collaboration will enhance Marketnode’s position within the global financial ecosystem.
The investment reflects Singapore’s ambition to be a leader in blockchain technology.
Supported by favorable regulations and strategic partnerships, the city-state has become a hub for digital innovation, attracting global firms seeking opportunities in blockchain and asset tokenisation.
With Marketnode at the forefront, the partnership with Euroclear is seen as a step toward further advancing digital finance infrastructure in the region.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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