Marketnode, a Singapore-based digital market infrastructure firm, has announced the closure of its Series A investment round, led by global banking giant HSBC and existing shareholder Temasek. The exact amount of the funding has not been disclosed.
According to the company, the investment will be used to expand its neutral financial market infrastructure for key asset classes in the financial sector, including digital fixed-income and structured products. Marketnode aims to build a multi-asset ecosystem starting in the Asia-Pacific region.
“The marriage of Marketnode’s financial market infrastructure operational expertise and HSBC‘s market-leading global platform represents a unique opportunity to shape the next generation of trusted and neutral market infrastructure,” said Marketnode President Rehan Ahmed.
The collaboration will also boost the launch of Fundnode, Marketnode’s investment fund infrastructure powered by distributed ledger technology, as well as future offerings of tokenized assets.