Singapore Alternate and Authorities-owned funding agency Temasek are to ascertain a digital asset three way partnership targeted on capital markets workflows by good contracts, ledger and tokenisation applied sciences.
SGX says the JV will look to associate with fastened earnings issuance platforms to hook up with its post-trade and asset servicing infrastructure, offering issuers, arranger banks, legal professionals, traders and paying brokers with an issuance-to-settlement community for Asia bonds. Concurrently, the JV will concentrate on different current and rising asset lessons which have seen rising market demand, together with funds and sustainable finance.
Lee Beng Hong, senior managing director, head of fastened earnings, currencies and commodities (FICC), SGX, says: “The early success in our digital bond issuance platform has paved the best way for SGX to make a bigger transfer into digital belongings, and we’re very excited to take our digital asset enterprise to the following degree in partnership with Temasek. Collectively, we are going to capitalise on digitalisation tendencies that proceed to form international capital markets, and advance the event of capital markets infrastructure in Asia.”