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SGX and Temasek JV ties up with Covalent to build end-to-end digital infrastructure 29 January 2021
Source: SGX Singapore Exchange (SGX) and Temasek today announced that its digital assets joint venture (JV) – Marketnode – has partnered with fixed income issuance and data firm, Covalent Capital (Covalent), to build Asia Pacific’s first, end-to-end digital infrastructure in the fixed income space. This latest development follows the JV announcement by SGX and Temasek on 22 January. As part of the partnership, Marketnode will acquire a minority stake in Covalent.
The Singapore Stock Exchange (SGX) has partnered with investment firm Temasek to explore the use of blockchain technology for the settling of asset trades. Temasek remains a prominent player in Singapore's expanding utilization of decentralized ledger technology (DLT) with several collaborations with both public and private establishments in the city-state.…
Temasek and SGX in Singapore join forces to tap into blockchain technology
News Highlights: Temasek and SGX in Singapore join forces to tap into blockchain technology
SINGAPORE – Singapore-based investor Temasek and the city-state stock exchange SGX announced on Friday a joint venture that will form a company that will tap into distributed ledger technology or blockchain to provide financial offers for trading.
The company will look to use the technology to streamline the process of issuing and settling listed products on the Singapore Exchange. It starts with bonds, funds and sustainable financial products before potentially expanding to other asset classes, such as stocks.
SGX and Temasek to advance digital asset infrastructure in capital markets ibsintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibsintelligence.com Daily Mail and Mail on Sunday newspapers.