Bank

World

Wormhole

Read

Chainlink

Singapore-based blockchain infrastructure startup Marketnode has secured funding from European clearinghouse giant Euroclear to expand services in the Asia-Pacific region. 
Marketnode, a <a href="https://crypto.news/tag/blockchain/" target="_blank">blockchain</a> infrastructure startup based in <a href="https://crypto.news/tag/singapore/" target="_blank">Singapore</a>, has announced a strategic investment from European clearinghouse Euroclear, aimed at expanding its services across the Asia-Pacific region. 
In a blog <a href="https://www.marketnode.com/media-centre/euroclear-invests-in-singapore-based-digital-market-infrastructure-marketnode" target="_blank" rel="nofollow">announcement</a> on Oct. 17, the Singapore-based startup, which specializes in blockchain-based financial infrastructure and <a href="https://crypto.news/tag/tokenization/" target="_blank">tokenization</a> asset management, highlighted that the funding aligns with Euroclear’s global funds strategy. While the specific financial details of the investment were not disclosed, the partnership is expected to enhance Euroclear’s one-stop-shop fund offering in the region, the announcement reads. 
Marketnode chief executive Rehan Ahmed commenting on the funding said the investment “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.” 
 You might also like: <a rel="" href="https://crypto.news/taurus-partners-with-chainlink-for-broader-tokenization-adoption/"> Taurus partners with Chainlink for broader tokenization adoption </a> 
Euroclear has previously <a href="https://crypto.news/euroclear-and-world-bank-collaborate-on-e100-million-digital-bond-issuance-via-blockchain/" target="_blank">ventured</a> into blockchain technology, having partnered with the World Bank to launch a tokenized securities issuance service, which included a €100 million digital bond issuance. 
Founded by SGX Group and Temasek in 2021, Marketnode serves as Asia-Pacific’s distributed ledger-powered financial market infrastructure. The startup offers a platform that includes issuance, data, workflow, and tokenization capabilities, as well as blockchain-based fund settlement infrastructure. In May, Marketnode <a href="https://www.marketnode.com/media-centre/hsbc-leads-series-a-investment-in-asia-pacific-digital-market-infrastructure-operator-marketnode" target="_blank" rel="nofollow">closed</a> its Series A investment round led by HSBC alongside contributions from existing shareholder Temasek to scale its platform in an effort to develop a multi-asset ecosystem. 
 Read more: <a rel="" href="https://crypto.news/blackrock-backed-securitize-integrates-wormhole-for-cross-chain-tokenization/"> BlackRock-backed Securitize integrates Wormhole for cross-chain tokenization </a>

Settlement giant Euroclear backs blockchain infra startup Marketnode

crypto.news

Other articles published on Oct 17, 2024

It Takes Two sells 20 million copies

Top Crypto Gainers Today Oct 17 – Humans.ai, Echelon Prime, Gnosis, Aptos

Bitcoin Rally Linked to US Elections, Will BTC Hit New Highs?

Hackers target Radiant Capital, stealing $50M in crypto

Quantity Funds Launches Innovative US-based Bitcoin and Gold ETF

Meta reportedly fires 24 staff for misusing $25 meal credits

Join our free newsletter for daily crypto updates!