Marketnode, a Singapore-based blockchain infrastructure startup, has secured funding from European clearinghouse giant Euroclear to expand its services in the Asia-Pacific region.
Marketnode, a Singapore-based blockchain infrastructure startup, has announced a strategic investment from European clearing house Euroclear, aiming to expand its services in the Asia-Pacific region.
In a blog announcement on October 17, the Singapore-based startup, which specializes in blockchain-based financial infrastructure and tokenization asset management, highlighted that the funding aligns with the company’s global fund strategy. Euroclear. Although specific financial details of the investment were not disclosed, the partnership is expected to enhance Euroclear’s one-stop fund offering in the region, the statement said.
Marketnode Managing Director Rehan Ahmed, commenting on the funding, said the investment “will catalyze the growth of Marketnode’s platforms”, adding that the company looks forward to building “the next generation of financial markets infrastructure in Asia, working with Euroclear, HSBC, Temasek and our clients to achieve our mission and vision.
Euroclear has already ventured into blockchain technology, partnering with the World Bank to launch a tokenized securities issuance service, which included a €100 million digital bond issue.
Founded by SGX Group and Temasek in 2021, Marketnode serves as a distributed ledger-powered financial market infrastructure for the Asia-Pacific region. The startup offers a platform that includes issuance, data, workflow and tokenization capabilities, as well as blockchain-based fund settlement infrastructure. In May, Marketnode closed its Series A investment round led by HSBC alongside contributions from existing shareholder Temasek to evolve its platform with the aim of developing a multi-asset ecosystem.
