Temasek- and SGX-backed Marketnode reveals bank partnerships

Marketnode is expected to launch its key product this year.

Marketnode, an SGX- and Temasek-backed digital venture, announced its partnerships with several banks ahead of its key product launch.

These include Barclays, BNP Paribas, BNY Mellon, Citi, Deutsche Bank, HSBC, Orient Securities International, Standard Chartered, Societe Generale, and UOB. The partnerships are expected to play a role in the rollout of an end-to-end DLT-enabled fixed income infrastructure. Functions of the partnership also include accelerating usage of its platform, provide market input towards its product development, co-create DLT solutions and jointly explore product expansion beyond fixed income. 

The platform is expected to launch in Q4 2021 and aims to provide users with solutions such as documentation streamlining, investor engagement tools, ESG reporting and market access mechanisms. This, in turn, would be powered by data analysis.

Lee Beng Hong, head of Fixed Income, Currencies, and Commodities (FICC), said that this initiative is the result of technological adoption in the financial industry.

“We continue to embrace the paradigm shift that the financial industry is undergoing with the emergence of new technologies. By collaborating with banking and technology partners, we are creating network effects and building scale and capability that can be applied cross-assets within a single platform, for the benefit of banks, issuers and investors. We welcome all market participants to join Marketnode in playing a role to accelerate the digital transformation of capital markets,” Lee said.

Previously, Marketnode announced partnerships with Covalent Capital and SETL.

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

C&W Services transforms headquarters into a ‘living lab’
The new office is set to be the ground for the firm’s new facilities management technologies.
How investor stewardship puts companies in a win-win state
Stewardship Asia Centre CEO says a company’s failure to take care of society is a failure to take care of its stakeholders.
Creating harmony in a heterogonous workforce 
An HR expert said tests like DISC can help identify which employees can work best together.