- Singapore’s Marketnode secures Series A funding from Temasek, HSBC to expand.
- Plans tokenization offerings, investment fund infrastructure via Fundnode.
- HSBC doubles down on partnership, joins board.
Marketnode, a pioneering digital market infrastructure operator based in Singapore, has secured a significant Series A funding round.
The investment drew participation from heavyweight backers like Temasek and HSBC, the latter leading the fundraise. This capital influx will propel Marketnode’s ambitions to develop a cutting-edge multi-asset ecosystem, starting in the Asia-Pacific region.
Tokenization and fund infra?
Armed with fresh funds, Marketnode plans to scale its neutral financial infrastructure across key asset classes and introduce tokenized asset offerings.
Additionally, the company gears up for the launch of Fundnode, its investment fund infrastructure platform. This strategic expansion aims to solidify Marketnode’s position as a trailblazer in the digital finance landscape.
HSBC’s investment in Marketnode’s Series A round cements the long-standing collaboration between the two entities. Since 2020, HSBC and Marketnode have been jointly developing a digital market infrastructure spanning credit, funds, and structured products.
As part of the investment, John O’Neill, HSBC’s global head of digital asset strategy, will join Marketnode’s board of directors, further strengthening the partnership.
A “natural extension” of fintech bromance
Rehan Ahmed, Marketnode’s president, expressed enthusiasm over HSBC’s continued backing, stating, “HSBC’s support represents the natural extension of our collaboration across multiple asset classes since Marketnode’s inception.”
This vote of confidence from a global financial powerhouse underscores Marketnode’s potential to reshape the digital finance landscape.
To read the original article: https://www.techinasia.com/temasek-backs-marketnode-series-funding
