Euroclear acquires a strategic stake in Marketnode
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Euroclear acquires a strategic stake in Marketnode 17 October 2024Singapore Reporter: Daniel Tison
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Euroclear has acquired a strategic stake in Marketnode, a Singapore-based digital market infrastructure operator.
By joining forces with Marketnode and its existing shareholders, Euroclear aims to participate in the setup of a key market infrastructure in APAC, designed to simplify the management of funds flows and reduce settlement times with new technology.
Philippe Laurensy, Euroclear’s CEO for APAC, says: “This first strategic investment in Asia reinforces the region’s importance to Euroclear’s positioning and business growth. We are excited to join Marketnode’s journey in the rapidly growing area of digital assets and support the company’s international service expansion.”
Founded by SGX Group and Temasek in 2021, Marketnode serves as a distributed ledger technology (DLT) powered financial market infrastructure in APAC.
It operates two platforms — Gateway, a tokenisation platform, and Fundnode, Singapore’s investment fund infrastructure on blockchain, providing the funds ecosystem with a single platform for transaction management, funds processing, and record-keeping.
Rehan Ahmed, CEO of Marketnode, comments: “It is our privilege to be Euroclear’s first strategic investment in Asia, reflecting strong endorsement of our trajectory and achievements to date.
“We look forward to building the next generation of financial market infrastructure out of Asia, working together with Euroclear, HSBC, Temasek, and our clients to realise our mission and vision.”
Pradyumna Agrawal, managing director of investment at Temasek, adds: “With Euroclear coming on board, Marketnode’s efforts and potential in further developing the global digital infrastructure space are being recognised.
Euroclear’s partnership will provide Marketnode with expertise and access to a wider ecosystem, reinforcing Singapore’s position as a major financial hub for funds.”
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