Singapore Alternate and Authorities-owned funding agency Temasek are to determine a digital asset three way partnership centered on capital markets workflows by sensible contracts, ledger and tokenisation applied sciences.
SGX says the JV will look to accomplice with mounted revenue issuance platforms to hook up with its post-trade and asset servicing infrastructure, offering issuers, arranger banks, legal professionals, buyers and paying brokers with an issuance-to-settlement community for Asia bonds. Concurrently, the JV will give attention to 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 mounted revenue, 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 property, and we’re very excited to take our digital asset enterprise to the subsequent degree in partnership with Temasek. Collectively, we are going to capitalise on digitalisation traits that proceed to form world capital markets, and advance the event of capital markets infrastructure in Asia.”