May 30, 2024
Marketnode, a prominent digital market infrastructure operator headquartered in Singapore, has successfully closed its Series A investment round. The funding was led by HSBC, a global banking giant, with additional contributions from existing shareholder Temasek.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Marketnode | Unknown | May 30, 2024 | Series A | Unknown | HSBC | Infrastructure |
In 2020, Marketnode and HSBC started working together to create a digital market infrastructure that covers credit, funds, and structured products.
The infusion of capital will empower Marketnode to scale its platforms and create a robust multi-asset ecosystem. Initially focused on the Asia-Pacific region, Marketnode aims to revolutionize digital market infrastructure by providing seamless services across various asset classes.
As part of this strategic investment, John O’Neill, Global Head of Digital Asset Strategy at HSBC, will join Marketnode’s Board of Directors. His insights and experience will contribute to shaping Marketnode’s future growth and innovation.
Marketnode’s journey toward transforming digital market infrastructure is now fueled by this significant investment. The collaboration between Marketnode, HSBC, and Temasek promises exciting developments for the financial industry in the Asia-Pacific region and beyond. The investment enables Marketnode to work closely with the financial services industry, scaling infrastructure across key asset classes. By leveraging HSBC’s expertise and global reach, Marketnode aims to drive efficiency, transparency, and accessibility in the digital marketplace.
About Marketnode
Marketnode is an Asia-Pacific digital markets infrastructure operator. It was founded as a joint venture between the Singapore Exchange (SGX) and Temasek Holdings. Marketnode co-develops, builds, and operates Financial Market Infrastructure (FMI) across various asset classes, including credit, funds, and structured products.
Their platform is powered by distributed ledger technology (DLT), which enables workflow management, operational efficiency, and faster time to market. Marketnode aims to unlock new distribution channels for financial products.
Website: https://www.marketnode.com/
About Investor
Investor: HSBC
Description: HSBC is a British universal bank and financial services group headquartered in London, England. It has historical and business links to East Asia and a multinational footprint1. Established in 1865 in Hong Kong, HSBC is one of the largest banks in the world, with assets of USD 3 trillion and around 40 million customers worldwide. It operates across 64 countries with approximately 220,000 full-time staff. HSBC provides a variety of international banking and financial services, including retail and corporate banking, trade, trusteeship, securities, custody, capital markets, treasury, private and investment banking, and insurance.
Location: United Kingdom
Website: https://www.hsbc.com
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