October 17, 2024
Euroclear, a securities settlement company from Belgium, has expanded into Asia by purchasing a significant share in Marketnode, a Singaporean firm focused on blockchain technology for financial market infrastructure. Their goal is to help create a market infrastructure in the Asia Pacific region that leverages new technology to streamline fund management and shorten settlement times.
Project | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|
Marketnode | October 17, 2024 | Strategic Investment | Euroclear | Infrastructure |
Although the European clearing house did not reveal the amount of its investment, it confirmed joining Marketnode’s key shareholders, which include SGX Group, Temasek, and HSBC. In May 2024, Marketnode completed its series A financing round, with HSBC leading the effort.
Pradyumna Agrawal, Temasek’s managing director of investment, mentioned that Euroclear’s collaboration could offer Marketnode valuable expertise and access to a wider network, strengthening Singapore’s status as a premier financial hub for funds.
About Marketnode
Marketnode is a digital market infrastructure provider based in Singapore, formed as a joint venture between SGX Group and Temasek. The company focuses on using distributed ledger technology (DLT) to enhance financial market operations. Marketnode offers a multi-asset platform that streamlines workflow management, improves operational efficiency, and facilitates the tokenization of assets. Their solutions aim to simplify fund settlement processes and support the development of innovative financial products.
Website: https://www.marketnode.com/
About Investor
Investor: Euroclear
Euroclear is a global financial services company headquartered in Belgium. It specializes in settling domestic and international securities transactions, including bonds, equities, derivatives, and investment funds. Euroclear provides secure and efficient post-trade services to financial institutions in over 120 countries, helping them manage risks and streamline operations. The company aims to enhance market efficiency and reduce transaction costs through its robust infrastructure.
Location: Brussels, Belgium
Website: https://www.euroclear.com/
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