Euroclear has made its first investment in Asia by acquiring a stake in Marketnode, a Singapore-based blockchain infrastructure firm co-founded by SGX Group and Temasek. This partnership aims to leverage blockchain technology to modernize financial market infrastructure, particularly focusing on simplifying fund management and reducing settlement times through distributed ledger technology. The investment aligns with Singapore's status as a blockchain hub, supported by government initiatives and investments from major financial entities. Euroclear's CEO for Asia Pacific highlighted the synergy between Euroclear’s global expertise and Marketnode’s innovative platforms, including Fundnode, which utilizes blockchain to streamline fund transactions. This strategic move underscores the growing integration of blockchain in the financial services sector as companies seek innovation in digital asset management.

Source 🔗