Marketnode, Singapore's digital marketplace infrastructure operator, has announced the first close of its Series A investment round, led by HSBC with additional support from shareholders Temasek. The amount of the investment was not disclosed.
It aims to scale up funding Marketnode's platforms and develop a multi-asset ecosystem in the Asia-Pacific region.
Since 2020, HSBC and Marketnode have been working together to develop digital market infrastructure in credit, funds and structured products.
Their joint efforts include participation in the Monetary Authority of Singapore (MAS). Project GuardianFundnode settlement infrastructure and various digital bond initiatives.
The new investment will help Marketnode expand its infrastructure across key asset classes such as digital fixed income and structured products. It will also launch Fundnode and other tokenized asset offerings.
John O'Neill, HSBC's Global Head of Digital Asset Strategy, will join Marketnode's Board of Directors as part of HSBC's investment.
Marketnode is a digital asset joint venture created by the Singapore Exchange (SGX) and Temasek.
Ian Glasner
Ian Glasner, Group Head of Innovation, Ventures and Digital Partnerships at HSBC, said:
“Our investment in Marketnode demonstrates our joint commitment to building a robust multi-asset digital infrastructure across our marketplaces, helping our clients securely enter the world of digital assets.
We are excited to embark on the next chapter of our partnership to drive innovation in the industry.”
Rehan Ahmed
Rehan Ahmed, President, Marketnode said:
“Marketnode is proud to have HSBC as the lead strategic investor in our Series A round. HSBC's support represents a natural extension of our partnership across multiple asset classes since Marketnode's inception.
The marriage of Marketnode's FMI operational expertise and HSBC's leading global market platform represents a unique opportunity to shape the next generation of reliable and neutral market infrastructure. We continue to welcome other industry partners to join us in reimagining financial markets in the Asia-Pacific.”
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