NowCM, Marketnode Partner to Boost Adoption of Tokenized Finance Assets in APAC

NowCM, a Luxembourg-based digital solutions and infrastructure provider for the primary debt markets, and Marketnode, an SGX Group and Temasek joint venture, have entered into a strategic partnership to digitize the Asia-Pacific primary debt markets.

The joint offering will be available via Marketnode Gateway, a fixed income issuer services platform now integrated with NowCM's transaction management applications to support Asia-Pacific bond issuances, according to an announcement on Thursday.

This collaboration between two leading digital markets infrastructure operators has "has great potential to accelerate workflows and the adoption of tokenised traditional finance assets,” Marketnode GM and chief product officer Rehan Ahmed and NowCM group CEO and founder Robert Koller, said in the announcement.

This partnership will offer a comprehensive and important collaboration for issuers, arranging banks, law firms, and listing agents, covering documentation, data, and workflow automation.

The joint capabilities of NowCM and Marketnode will enable new and established issuers to access the capital markets in a more efficient and effective manner by minimizing manual processes, leveraging data-driven insights, and automating transaction workflows across deal teams, the two partners said.

Luxembourg ties deepen

This partnership follows a recent financial mission led by Luxembourg's Minister of Finance, Yuriko Backes, to Singapore. Minister Backes welcomed this announcement as an example of how Luxembourg and Singapore can increase their collective reach through collaboration in the area of financial technology.

Lee Beng Hong, head of fixed income, currencies and commodities (FICC) at SGX Group, said he believes this partnership will bring higher efficiency to bond issuance processes and that SGX Fixed Income is in a unique position to enhance Asia's bond market ecosystem.