Today Marketnode, the digital asset joint venture between the Singapore Exchange (SGX) and Temasek, announced it is partnering with ten major banks for the Q4 2021 launch of its enterprise blockchain fixed income solution. The banks include Barclays, BNP Paribas, BNY Mellon, Citi, Deutsche Bank, HSBC, Orient Securities International, Standard Chartered, Societe Generale and UOB.
At launch, the solution will focus on fixed income digital issuance, including streamlining documentation, as well as ESG bond reporting and a depositary infrastructure.
In September last year, HSBC worked with the platform to issue a S$400 million ($295m) 5.5-year syndicated public bond for agribusiness Olam.
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