🌎 Euroclear Invests in Marketnode to Expand Blockchain Services in Asia

Singapore-based blockchain infrastructure startup Marketnode has secured funding from European clearinghouse giant Euroclear to expand services in the Asia-Pacific region.

Strategic Investment to Boost Marketnode’s Growth

Marketnode, a blockchain infrastructure startup based in Singapore, has announced a strategic investment from European clearinghouse Euroclear. This investment is aimed at expanding Marketnode’s services across the Asia-Pacific region, enhancing its blockchain-based financial infrastructure and tokenization asset management capabilities.

Funding Aligned with Euroclear’s Global Strategy

In a blog announcement on October 17, Marketnode emphasized that this funding aligns with Euroclear’s global funds strategy. Although specific financial details were not disclosed, the partnership is expected to bolster Euroclear’s one-stop-shop fund offering in the region.

Rehan Ahmed, Marketnode’s chief executive, commented on the funding, stating that the investment “will catalyze the growth of Marketnode’s platforms.” He added that the firm is eager to build the “next generation of financial market infrastructure out of Asia, working together with Euroclear, HSBC, Temasek, and our clients to realize our mission and vision.”

Euroclear’s Continued Blockchain Ventures

Euroclear has previously explored blockchain technology, partnering with the World Bank to launch a tokenized securities issuance service. This initiative included a €100 million digital bond issuance, showcasing Euroclear’s commitment to blockchain innovations.

Marketnode’s Role in Asia-Pacific’s Financial Market

Founded by SGX Group and Temasek in 2021, Marketnode serves as Asia-Pacific’s distributed ledger-powered financial market infrastructure. The startup offers a comprehensive platform encompassing issuance, data, workflow, and tokenization capabilities, along with blockchain-based fund settlement infrastructure.

In May, Marketnode successfully closed its Series A investment round led by HSBC, with contributions from existing shareholder Temasek. This funding round aimed to scale Marketnode’s platform and develop a multi-asset ecosystem.