Euroclear, a global provider of financial market infrastructure, has acquired a strategic stake in Marketnode, a Singapore-based digital market infrastructure firm specializing in blockchain technology. The investment is aimed at leveraging blockchain to modernize financial market infrastructure, with a focus on simplifying fund management and reducing settlement times. The deal is seen as a significant endorsement of Singapore's financial innovation, as the city-state has emerged as a hub for blockchain technology due to government support and strategic investments. Marketnode operates two blockchain-powered platforms, Gateway and Fundnode, which focus on tokenization and digital fund management. The partnership with Euroclear is expected to catalyze the growth of Marketnode's platforms.
- Content Editor ( decrypt.co )
- 2024-10-17
Euroclear Enters Asia with Stake in Singapore’s Blockchain Infrastructure Firm Marketnode