Euroclear, a leading global financial infrastructure provider, has entered the Asian market for the first time by acquiring a strategic stake in Marketnode, a Singapore-based firm focused on digital market infrastructure and blockchain technology.
This move marks a significant step for Euroclear, as this investment is expected to help it leverage blockchain to improve financial market infrastructure offerings.
“By partnering with Marketnode, we reaffirm our dedication to building a new generation of fund market infrastructure, utilising Euroclear’s extensive global presence, established fund infrastructure, and digital expertise,”
stated Philippe Laurensy, CEO of Euroclear’s Asia Pacific markets.
The specific financial details of the transaction have not been made public.
Euroclear is known for its post-trade services, including securities settlement, financial asset custody, and collateral management. Meanwhile, Marketnode operates two blockchain-based platforms, Gateway and Fundnode. Fundnode, in particular, focuses on improving the efficiency of fund transactions and record-keeping through tokenization and DLT.
Notably, Marketnode has attracted significant attention in the financial sector, including an investment from UK banking giant HSBC earlier this year.
Rehan Ahmed, CEO of Marketnode, stated that Euroclear’s global reach and operational expertise would accelerate the growth of their platforms, especially Fundnode.
Meanwhile, Euroclear’s expansion into Asia aligns with broader industry trends as leading firms seek to tap into the region’s dynamic regulatory landscape and market opportunities. Talos Trading, a New York-based crypto trading software provider, recently announced plans to double its workforce in the Asia-Pacific (APAC) region within the next year.
According to Samar Sen, head of Talos’ APAC division, regulatory clarity in countries like Hong Kong, Singapore, and Japan has positioned Asia as a key growth area for digital assets.
“Asia punches above its weight in terms of contribution to the bottom line of global digital-asset companies,”
Sen noted.
Talos stated it wants to expand its business development, client services, and product engineering teams to capitalise on evolving market opportunities and regulatory changes in the region.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
