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Euroclear has acquired a strategic stake in Marketnode, a Singapore-based digital market infrastructure operator, the global post-trade services provider announced in a statement on Thursday.
Founded in 2021 by SGX Group and Temasek, Marketnode is a DLT-powered financial market infrastructure operating in the Asia-Pacific region. Its flagship platforms, Gateway and Fundnode, offer tokenization and fund processing solutions, respectively.
The partnership between Euroclear and Marketnode aims to leverage the potential of digital assets to simplify the management of funds flows and reduce settlement times. By joining forces, the two companies seek to establish a key market infrastructure in Asia-Pacific that can compete with traditional financial systems.
“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," Philippe Laurensy, Euroclear’s CEO of Asia Pacific.
Euroclear's investment in Marketnode marks its first strategic move in Asia. The company views the region as a key growth area for its business and said it is committed to supporting the development of digital financial infrastructure in the region.
Earlier this year, Marketnode closed a Series A funding round led by HSBC, with whom it has working together since 2020 on various projects, including Singapore's Project Guardian initiative, the Fundnode fund settlement infrastructure, and several digital bond initiatives.
