Euroclear has announced its acquisition of a strategic stake in Marketnode, a digital market infrastructure operator based in Singapore. The financial terms of the transaction remain undisclosed.
Founded by SGX Group and Temasek in 2021, Marketnode serves as the DLT-powered financial market infrastructure for the Asia-Pacific region. It operates two platforms: Gateway, an all-in-one, end-to-end platform that harnesses the potential of tokenization, and Fundnode, which provides Singapore's investment fund infrastructure on blockchain. Fundnode offers the funds ecosystem a unified platform for transaction management, fund 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, said, “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”.