HSBC has led a Series A investment round for Marketnode, the Singapore-based digital market infrastructure operator, alongside contributions from existing shareholder Temasek. The investment will be used to scale Marketnode’s platforms and realise the shareholders’ ambitions to develop a multi-asset ecosystem, starting in Asia-Pacific.
Since 2020, HSBC and Marketnode have co-developed a digital market infrastructure spanning credit, funds and structured products. Marketnode and HSBC have jointly participated in MAS’s Project Guardian initiative, Singapore’s fund settlement infrastructure Fundnode, and several digital bond initiatives. As part of HSBC’s investment, John O’Neill, global head of digital asset strategy at HSBC will join Marketnode’s board.