Singapore Exchange to streamline trading processes with blockchain tech Following a successful trial of DLT-based bond issues, SGX has formed a dedicated company with investment firm Temasek to extend and expand the use of the tech. 8116 Total views News
The use of distributed ledger technology can bring efficiencies to many aspects of the lifecycle of financial products, from listing and issuing through to the settlement of trades.
Singapore Exchange, or SGX, has announced a joint venture with investment firm Temasek to use DLT to streamline the issuance and trading of financial products listed on its platform.
According to a Friday report from Nikkei Asia, this will initially consider bonds, funds and sustainable financial products, and it may be extended in the future to cover other asset classes such as equities.
SINGAPORE (Reuters) - Singapore Exchange Ltd and Singapore state investor Temasek Holdings are jointly starting a digital assets venture that will focus on capital market products such as bonds.
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SGX and Temasek to develop blockchain-based digital asset trading infrastructure 22 January 2021
1 Singapore Exchange and Government-owned investment firm Temasek are to establish a digital asset joint venture focused on capital markets workflows through smart contracts, ledger and tokenisation technologies. The agreement builds on the successful collaboration between SGX, Temasek and HSBC which culminated with the issuance of Asia’s first public syndicated digital bond for Olam International in August 2020. In all, SGX’s digital asset issuance, depository and servicing platform was used to issue four digital bonds by several issuers, with a total size of over S$1 billion.