Today Singapore’s Marketnode announced it raised a Series A investment round led by HSBC with contributions from Temasek, the state-owned investment firm. Marketnode was founded as a DLT market infrastructure by Temasek and stock exchange SGX. It provides DLT solutions for credit, funds and structured products.
HSBC has participated in several Marketnode projects since the early days. Most recently it partnered with HSBC and UOB to trial structured product issuance on public blockchain as part of Project Guardian. However, the relationship started in 2021 when HSBC was one of the first batch of banks to participate in Marketnode’s bond experiments. The following year HSBC was involved with Fundnode, the DLT settlement infrastructure that Marketnode will soon launch.
While it’s easy to peg Marketnode as a tokenization platform, given it works in regulated markets, its role is far broader. Functionality includes workflow, standardizing data, managing documents and automating asset servicing.
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