Additionally, the company has been a key participant in several projects including the Project Guardian initiative led by the Monetary Authority of Singapore (MAS), Singapore’s fund settlement infrastructure Fundnode, and several digital bond initiatives.
The joint investment with HSBC has enabled the company to collaborate with the financial services industry, strengthening Marketnode’s capabilities to expand and scale its neutral financial infrastructure across key asset classes like digital fixed-income, structured products and tokenised assets.
As part of HSBC’s investment, the company also announced that John O’Neill, global head of digital asset strategy at HSBC will join Marketnode’s board of directors.
“Our investment in Marketnode showcases our joint commitment to building a robust multi-asset digital infrastructure across our markets, helping our customers enter the world of digital assets safely and securely,” says Ian Glasner, group head of innovation, ventures, and digital partnerships at HSBC.
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Pradyumna Agrawal, managing director of investment (blockchain) at Temasek adds that the Series A investment will help to validate Marketnode’s pioneering effort in a fast-growing area and will accelerate industry adoption as they continue to collectively shape a digital future for the capital markets industry.
“The marriage of Marketnode’s financial market infrastructures (FMI) operational expertise and HSBC’s market leading global platform represents a unique opportunity to shape the next generation of trusted and neutral market infrastructure. We continue to welcome other industry partners to join us in rethinking financial markets out of Asia-Pacific,” says Rehan Ahmed, president of Marketnode.
