Singapore-based digital market infrastructure operator Marketnode has announced the first close of its Series A investment round. HSBC With additional support from existing shareholders TemasekThe amount of investment has not been disclosed.
The aim of fundraising is to expand Market NodesWe will leverage our platform to build a multi-asset ecosystem in the Asia-Pacific region.
HSBC and Marketnode have been working together since 2020 to develop digital market infrastructure across credit, funds and structured products.
Their joint efforts include the Monetary Authority of Singapore (MAS) Project GuardianFundnode payments infrastructure, and various digital bond initiatives.
The new investment will enable Marketnode to scale its infrastructure across key asset classes such as digital fixed income and structured products, and will also support the launch of 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 the bank’s investment.
Marketnode is a digital asset joint venture established by the Singapore Exchange (SGX) and Temasek.
Ian Glasner
Ian Glassner, 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 markets, enabling clients to safely and securely enter the world of digital assets.
We are excited to embark on the next chapter of our collaboration to drive innovation in the industry.”
Rehan Ahmed
Rehan Ahmed, Managing Director at Market Node, said:
“Marketnode is honored to welcome HSBC as our lead strategic investor in our Series A round. HSBC’s support represents a natural extension of our collaboration across multiple asset classes since Marketnode’s founding.”
“The combination of Marketnode’s FMI operational expertise with HSBC’s market-leading global platform represents a unique opportunity to shape the next generation of trusted, neutral market infrastructure. We continue to welcome other industry partners to join us in reimagining financial markets in Asia Pacific.”
Featured Image Credit: Free Pick
