Cellphone with logo of Euroclear Group on screen in front of business website. Source: Timon - stock.adobe.com

Key Takeaways:

Euroclear makes its first investment in Asia by acquiring a stake in Singapore-based blockchain firm Marketnode.
Marketnode’s platforms, Gateway and Fundnode, will support Euroclear’s expansion into tokenization and fund services in the APAC region.
The investment highlights Euroclear’s growing focus on blockchain and digital asset infrastructure, following earlier blockchain-related initiatives.

Euroclear, a European securities settlement firm, has entered the Asian market by acquiring a stake in Singapore-based blockchain infrastructure provider, Marketnode.

This marks Euroclear’s first investment in Asia, aimed at strengthening its presence in the region.

Euroclear eyes Asia’s blockchain potential with stake acquisition in Singapore’s Marketnodehttps://t.co/5bEcOBe6Iq
— The Block (@TheBlock__) October 18, 2024

Marketnode operates two main platforms: Gateway, offering tokenization services, and Fundnode, specializing in transaction management and recordkeeping.

Fundnode will support Euroclear’s FundsPlace platform, designed for fund services.

Euroclear’s move is seen as part of its broader digital strategy, having previously invested in blockchain projects like Fnality and Deutsche Boerse’s blockchain securities platform.

EUROCLEAR BACKS BLOCKCHAIN INFRA STARTUP MARKETNODE

So, Marketnode scored some sweet funding from Euroclear, the big dog in clearinghouses, to ramp up their blockchain game in the Asia-Pacific scene.

This collab is set to supercharge Euroclear’s fund offerings.

With their… pic.twitter.com/kQAoBcB3qR
— Mario Nawfal’s Roundtable (@RoundtableSpace) October 17, 2024

Marketnode’s shareholders include SGX Group, Temasek, and HSBC, which joined during Marketnode’s Series A funding.

Singapore, a global blockchain hub, is at the forefront of cryptocurrency adoption, with Marketnode participating in the country’s Project Guardian tokenization trial.

Euroclear’s investment highlights the growing importance of digital infrastructure in global finance, positioning the company for future growth in Asia.