Euroclear today announced that it has acquired a strategic stake in Marketnode, a Singapore-based digital market infrastructure operator.
Financial terms of the transaction were not disclosed.
Founded by SGX Group and Temasek in 2021, Marketnode operates as an Asia-Pacific financial market infrastructure powered by DLT. It operates two platforms: Gateway, a single, end-to-end platform leveraging the potential of tokenisation, and Fundnode, Singapore’s investment fund infrastructure on the blockchain. Fundnode provides the fund ecosystem with a single platform for transaction management, fund processing and record keeping.
HSBC invested in Marketnode in May 2024.
By joining forces with Marketnode and its existing shareholders, Euroclear aims to participate in the creation of a core market infrastructure in Asia Pacific designed to simplify the management of capital flows and reduce settlement times using new technology. The investment aligns with Euroclear’s global funds strategy and strengthens its one-stop funds offering – Euroclear FundsPlace® – in the Asia Pacific region.
Philippe Laurensy, Euroclear’s Managing Director for Asia Pacific, commented:
“Partnering with Marketnode demonstrates our shared commitment to developing a new generation capital markets infrastructure leveraging Euroclear’s global footprint, established capital infrastructure and digital capabilities. This first strategic investment in Asia also reinforces the importance of the region for Euroclear’s positioning and business development. We are excited to be a part of Marketnode’s pioneering journey into the fast-growing digital asset space and support the international expansion of the company’s services.”
Rehan Ahmed, CEO of Marketnode, said:
“We are delighted to welcome Euroclear as a strategic investor. Euroclear’s global connectivity, operational expertise and market leadership as a trusted financial market infrastructure will catalyze the growth of Marketnode’s platforms, particularly Fundnode. It is also our privilege to be Euroclear’s first strategic investment in Asia, reflecting the strong support of our track record and achievements to date. We look forward to building the next generation of financial markets infrastructure outside of Asia, working with Euroclear, HSBC, Temasek and our clients to realize our mission and vision.”