Euroclear today announced it has acquired a strategic stake in Marketnode, a Singapore-based digital market infrastructure operator. Financial terms of the transaction will not be 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 tokenisation, 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, commented: "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. We are excited to join Marketnode's pioneering journey in the rapidly growing area of digital assets and support the company's international service expansion."
Rehan Ahmed, CEO of Marketnode, said: "We are excited to welcome Euroclear as a strategic investor. Euroclear's global connectivity, operational expertise, and market-leading position as a trusted financial market infrastructure will catalyse the growth of Marketnode's platforms, especially Fundnode. It is also our privilege to be Euroclear's first strategic investment in Asia, reflecting strong endorsement of our trajectory and achievements to date. We look forward to building the next generation of financial market infrastructure out of Asia, working together with Euroclear, HSBC, Temasek and our clients to realise our mission and vision."
Pradyumna Agrawal, Managing Director, Investment, Temasek, said: "With Euroclear coming on board, Marketnode's efforts and potential in further developing the global digital infrastructure space are being recognised. Euroclear's partnership will provide Marketnode with expertise and access to a wider ecosystem, reinforcing Singapore's position as a leading financial hub for funds. As one of Marketnode's founding shareholders, we look forward to witnessing their continued success and welcome more like-minded investors to join this journey."