Euroclear announced it has acquired a strategic stake in Marketnode, a Singapore-based digital market infrastructure operator. Financial terms of the transaction are not disclosed.
Founded by SGX Group and Temasek in 2021, Marketnode serves as Asia-Pacific’s DLT-powered financial market infrastructure. It operates two platforms: Gateway, a one-stop, end-to-end platform leveraging the potential of tokenization, and Fundnode, Singapore’s investments fund infrastructure on blockchain. Fundnode provides the funds ecosystem with a single platform for transaction management, funds 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 setup of a key market infrastructure in Asia-Pacific designed to simplify the management of funds flows and reduce settlement times by using new technology. The investment aligns with Euroclear’s global funds strategy and strengthens its one-stop-shop fund offering – Euroclear FundsPlace – in the Asia-Pacific region.
Philippe Laurensy, Euroclear’s CEO of Asia Pacific markets, said in a statement: “Partnering with Marketnode demonstrates our shared commitment to developing a new generation of funds market infrastructure by leveraging Euroclear’s global footprint, established fund infrastructure and digital capabilities. This first strategic investment in Asia also reinforces the region’s importance to Euroclear’s positioning and business growth.”
Rehan Ahmed, CEO of Marketnode, said in a statement: “Euroclear’s global connectivity, operational expertise, and market-leading position as a trusted financial market infrastructure will catalyze the growth of Marketnode’s platforms, especially Fundnode.”
Pradyumna Agrawal, managing director for Investment at Temasek, said in a statement: “With Euroclear coming on board, Marketnode’s efforts and potential in further developing the global digital infrastructure space are being recognized.”