Marketnode, a Singapore-based digital market infrastructure operator, has introduced the primary shut of its Collection A funding spherical, led by HSBC with extra assist from present shareholder Temasek. The funding sum was not disclosed.
The funding goals to scale Marketnode’s platforms and develop a multi-asset ecosystem within the Asia-Pacific area.
Since 2020, HSBC and Marketnode have collaborated on creating digital market infrastructure throughout credit score, funds, and structured merchandise.
Their joint efforts embrace participation within the Financial Authority of Singapore’s (MAS) Venture Guardian, the Fundnode settlement infrastructure, and numerous digital bond initiatives.
The brand new funding will assist Marketnode broaden its infrastructure throughout key asset courses, equivalent to digital fastened earnings and structured merchandise. It’s going to additionally assist the launch of Fundnode and different tokenised asset choices.
John O’Neill, International Head of Digital Asset Technique at HSBC, will be a part of Marketnode’s Board of Administrators as a part of HSBC’s funding.
Marketnode is a digital asset three way partnership based by the Singapore Trade (SGX) and Temasek.
Ian Glasner
Ian Glasner, Group Head of Innovation, Ventures, and Digital Partnerships at HSBC, mentioned,
“Our funding in Marketnode showcases our joint dedication to constructing a sturdy multi-asset digital infrastructure throughout our markets, serving to our prospects enter the world of digital belongings safely and securely.
We’re excited to embark on the following chapter of our collaboration to drive innovation within the trade.”
Rehan Ahmed
Rehan Ahmed, President, Marketnode mentioned,
“Marketnode is proud to have HSBC because the lead strategic investor in our Collection A spherical. HSBC’s assist represents the pure extension of our collaboration throughout a number of asset courses since Marketnode’s inception.
The wedding of Marketnode’s FMI operational experience and HSBC’s market main world platform represents a novel alternative to form the following era of trusted and impartial market infrastructure. We proceed to welcome different trade companions to affix us in rethinking monetary markets out of Asia-Pacific.”
Featured picture credit score: Edited from Freepik
