Financial services company Euroclear acquires strategic stake in Singapore blockchain company Marketnode

ChainCatcher news, financial services company Euroclear has acquired a strategic stake in Singapore blockchain company Marketnode, with the specific acquisition amount undisclosed. Euroclear's investment aims to leverage blockchain to modernize financial market infrastructure, focusing on simplifying fund management and reducing settlement times through distributed ledger technology.

Marketnode was founded in 2021 by the Singapore Exchange Group and Temasek, operating two blockchain platforms: Gateway and Fundnode, focusing on tokenization and digital fund management.