Marketnode, a Singapore-based digital market infrastructure operator, has announced the first close of its Series A investment round, led by HSBC with additional support from existing shareholder Temasek. The investment sum was not disclosed.
The funding aims to scale Marketnode’s platforms and develop a multi-asset ecosystem in the Asia-Pacific region.
Since 2020, HSBC and Marketnode have collaborated on developing digital market infrastructure across credit, funds, and structured products.
Their joint efforts include participation in the Monetary Authority of Singapore’s (MAS) Project Guardian, the Fundnode settlement infrastructure, and various digital bond initiatives.
The new investment will help Marketnode expand its infrastructure across key asset classes, such as digital fixed income and structured products. It will also support the launch of Fundnode and other tokenised asset offerings.
John O’Neill, Global Head of Digital Asset Strategy at HSBC, will join Marketnode’s Board of Directors as part of HSBC’s investment.
Marketnode is a digital asset joint venture founded by the Singapore Exchange (SGX) and Temasek.
Ian Glasner, Group Head of Innovation, Ventures, and Digital Partnerships at HSBC, said,
“Our investment in Marketnode showcases our joint commitment to building a robust multi-asset digital infrastructure across our markets, helping our customers enter the world of digital assets safely and securely.
We are excited to embark on the next chapter of our collaboration to drive innovation in the industry.”
Rehan Ahmed, President, Marketnode said,
“Marketnode is proud to have HSBC as the lead strategic investor in our Series A round. HSBC’s support represents the natural extension of our collaboration across multiple asset classes since Marketnode’s inception.
The marriage of Marketnode’s FMI operational expertise and HSBC’s market leading global platform represents a unique opportunity to shape the next generation of trusted and neutral market infrastructure. We continue to welcome other industry partners to join us in rethinking financial markets out of Asia-Pacific.”
Featured image credit: Edited from Freepik
