Marketnode, a blockchain infrastructure startup based in Singapore, has recently announced a significant investment from Euroclear, a European clearinghouse giant. This funding is intended to support Marketnode’s expansion of services throughout the Asia-Pacific region. While the exact financial details of the investment remain undisclosed, the partnership between Marketnode and Euroclear is expected to enhance Euroclear’s fund offerings in the region.
Rehan Ahmed, the CEO of Marketnode, expressed excitement about the investment and highlighted that it will accelerate the growth of Marketnode’s platforms. He emphasized the collaborative effort between Marketnode, Euroclear, HSBC, Temasek, and their clients to develop cutting-edge financial market infrastructure in Asia.
Euroclear’s involvement in blockchain technology is not new, as they have previously collaborated with the World Bank to launch a tokenized securities issuance service, which included a substantial digital bond issuance. This partnership with Marketnode signifies Euroclear’s continued interest in leveraging blockchain technology to innovate and enhance their services.
Marketnode, established in 2021 by SGX Group and Temasek, is a key player in Asia-Pacific’s distributed ledger-powered financial market infrastructure. The startup offers a comprehensive platform with capabilities such as issuance, data management, workflow automation, and tokenization. Additionally, Marketnode provides blockchain-based fund settlement infrastructure to streamline processes and improve efficiency in the financial ecosystem.
In May of this year, Marketnode successfully closed its Series A investment round with leading support from HSBC and contributions from Temasek. This funding has enabled Marketnode to scale its platform and work towards establishing a robust multi-asset ecosystem that caters to the evolving needs of the financial industry.
The strategic investment from Euroclear not only validates Marketnode’s innovative approach to blockchain technology but also opens up new opportunities for collaboration and growth in the Asia-Pacific region. With a strong emphasis on developing cutting-edge financial market infrastructure, Marketnode is well-positioned to drive the next wave of digital transformation in the financial sector, in partnership with key industry players like Euroclear, HSBC, and Temasek.