Tag "Temasek"
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
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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
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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%
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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
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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
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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
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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
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DBS’ Mikkel Larsen Formally Appointed as Climate Impact X’s CEO
Climate Impact X (CIX), a global marketplace and exchange for high-quality carbon credits, has announced the appointment of Mikkel Larsen as Chief Executive Officer, effective immediately. He has been acting as Interim CEO for CIX since 20th May 2021. CIX
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Temasek-Backed Crypto Firm FTX Bags US$420 Million at Valuation of US$25 Billion
FTX Trading, owner and operator of global cryptocurrency exchange FTX.COM, announced the closing of a US$420.7 million Series B-1 fundraise, increasing its valuation to US$25 billion. The round saw the participation of 69 investors, including Ontario Teachers’ Pension Plan Board,
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HSBC, Temasek Launches US$150 Million Debt Financing Platform for Sustainable Projects
HSBC and Temasek announced a partnership to establish a US$150 million debt financing platform dedicated to sustainable infrastructure projects with an initial focus on Southeast Asia, as part of efforts to reduce climate change. In a joint statement, both entities
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