Tag "Temasek"
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
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
Read More
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,
Read More
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
Read More
SGX and Temasek’s Digital Asset JV Marketnode Partners FIs Ahead of Product Launch
Marketnode, a Singapore Exchange (SGX) and Temasek digital asset joint venture, announced its partnership with ten global financial institutions ahead of its upcoming product launches. The JV’s upcoming products will be focused on digital issuance services, ESG bond data and
Read More
Singapore Government Sets up S$1.5 Billion Fund to Spur IPO Growth
The Singapore government has announced a package of initiatives to support high-growth enterprises to raise capital in the country’s public equity market and broaden its proposition as a financing hub. The government and Temasek will establish a new co-investment fund
Read More
DBS and Temasek Launches US$500 Million Debt Financing Platform for Tech Startups
DBS and Temasek announced that they have entered into an agreement to jointly launch a US$500 million growth stage debt financing platform called EvolutionX Debt Capital. Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies across
Read More