Tag "Temasek"
Temasek to Slash Compensation of Team That Greenlit FTX Investment
Singapore’s sovereign wealth fund Temasek said that it will slash the compensation of the investment team and senior management involved in greenlighting the US$275 million funding in now-bankrupt crypto exchange FTX. Temasek’s chairman Lim Boon Heng said in a statement
Read More
Temasek Denies Crypto Firm Array’s Investment Claims
Singapore’s sovereign wealth fund, Temasek, has refuted claims that it made an investment in Array, a firm specialising in algorithmic cryptocurrency development. In response to recent news articles and a tweet from Array regarding an alleged investment by Temasek, the
Read More
Temasek Joins Impact Verification Provider BlueMark’s US$10 Million Series A
BlueMark, a provider of independent impact verification and intelligence for the impact and sustainable investing market, announced that it has closed its US$10 million Series A funding round. The lead investor is S&P Global, with other new investors including Temasek
Read More
ADDX Fractionalises UOB and Temasek’s Venture Debt Fund to US$20,000
Global private market exchange ADDX announced that it has fractionalised a venture debt fund by Innoven Capital which is a joint venture between a Temasek Holdings‘ subsidiary Seviora and UOB. This move brings down the minimum subscription size for individual
Read More
DPM Lawrence Wong Says FTX Investment Caused Reputational Damage to Temasek
Temasek’s US$275 million investment in now-bankrupt crypto exchange FTX has not only caused financial loss but also reputational damage to the Singapore’s state-owned investor said Lawrence Wong, Deputy Prime Minister (DPM) and Minister for Finance, and Deputy Chairman of MAS
Read More
Temasek Latest to Write Down US$275 Million Investment to Zero in FTX
Singapore’s state-owned investor Temasek announced that it has decided to write down its full investment in collapsed cryptocurrency exchange FTX, irrespective of the outcome of its bankruptcy protection filing. Temasek had invested US$210 million for a minority stake of ~1%
Read More
MAS Initiates Digital Singapore Dollar Trials
The Monetary Authority of Singapore (MAS) has published a report detailing potential uses of a purpose-bound digital Singapore dollar (SGD) and the supporting infrastructure required. The report also marked the successful completion of Phase 1 of Project Orchid which explored
Read More
Temasek Ramps up Investment in Fintech Amidst Global Downturn
Singapore’s state-owned investor Temasek is doubling down on fintech this year, participating in at least seven funding rounds involving companies in the sector since the beginning of the year, an analysis by Fintech News Singapore found. The figure nearly matches
Read More
Thought Machine Raises US$160 Million Series D Led by Temasek
Singapore’s state-owned investor Temasek leads the US$160 million Series D funding round raised by Thought Machine, a UK-headquartered core banking technology company. Thought Machine is now valued at US$2.7 billion which is a 100% increase from its valuation at the
Read More
Temasek Led Crypto Platform Amber Group’s US$200 Million Series B+ Fundraise
Amber Group, a global digital asset platform, announced that it has secured US$200 million in a Series B+ round led by investment company Temasek, valuing the company at US$3 billion. This is a significant follow-up to Amber Group’s US$100 million
Read More