Marketnode, a blockchain infrastructure firm based in Singapore, has received funding from Euroclear, a major European clearinghouse, to expand its services throughout the Asia-Pacific region.
With the goal of growing its services throughout the Asia-Pacific area, Marketnode, a blockchain infrastructure firm with headquarters in Singapore, has announced a strategic investment from European clearinghouse Euroclear.
The Singapore-based business, which focuses on tokenization asset management and blockchain-based financial infrastructure, stated in a blog post on October 17 that the funding is in line with Euroclear’s global funds strategy. The release states that the cooperation is anticipated to improve Euroclear’s one-stop-shop fund offering in the region, even if the precise financial terms of the investment were not made public.
Rehan Ahmed, the CEO of Marketnode, stated that the funding “will catalyze the growth of Marketnode’s platforms,”adding that the firm is looking forward to building the “next generation of financial market infrastructure out of Asia, working together with Euroclear, HSBC, Temasek and our clients to realize our mission and vision.”
Prior to this, Euroclear had dabbled in blockchain technology, launching a tokenized securities issuance business with the World Bank that featured the issuing of €100 million in digital bonds.
Marketnode is the distributed ledger-powered financial market infrastructure for Asia-Pacific, having been founded in 2021 by SGX Group and Temasek. The firm provides a platform with blockchain-based fund settlement infrastructure, as well as issuance, data, workflow, and tokenization capabilities. Marketnode finished its Series A funding round in May, with contributions from Temasek, an existing shareholder, and leadership from HSBC. The company plans to expand its platform and create a multi-asset ecosystem.