SGX and Temasek's Digital Asset Venture Marketnode Announces Major Partnerships

Marketnode, a Singapore Exchange (SGX) and Temasek digital asset joint venture, has partnered with ten leading global financial institutions ahead of its product launch focused on digital issuance services, ESG bond data, and digital asset depository infrastructure.

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​The ten partner institutions are: Barclays, BNP Paribas, BNY Mellon, Citi, Deutsche Bank, HSBC, Orient Securities International, Standard Chartered, Societe Generale and UOB.

These partners will work closely with Marketnode to accelerate usage of its platform, provide market input towards its product development, co-create DLT solutions and jointly explore product expansion beyond fixed income.

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Marketnode’s fixed income issuer services platform is slated to launch in Q4 2021 and will provide issuers, law firms and banks with products and solutions such as documentation streamlining, investor engagement tools, ESG reporting and market access mechanisms, all powered by data analysis.  

“By collaborating with banking and technology partners, we are creating network effects and building scale and capability that can be applied cross-assets within a single platform, for the benefit of banks, issuers and investors,”Lee Beng Hong, Head of Fixed Income, Currencies and Commodities (FICC), SGX, said.

“The participation of these banks onto the Marketnode platform is a significant milestone. It further validates the market for end-to-end infrastructure, and services for digital assets,”Pradyumna Agrawal, Managing Director, Blockchain at Temasek, added.”We look forward to welcoming more market participants as increased industry involvement will foster scale, robustness and spur greater capital markets infrastructure innovation.”