Marketnode plans to launch blockchain fund settlement infrastructure in late June and release tokenized credit products in Q1 next year

Marketnode, a digital asset company founded by Temasek and the Singapore Exchange (SGX), plans to launch a blockchain-based fund settlement infrastructure in late June. It is expected to announce more strategic partners for the network, including financial institutions and infrastructure participants, later in 2024 and launch tokenized credit products (such as bonds and loans) in the first quarter of 2025. Prior to this, Marketnode announced the completion of its Series A financing, led by HSBC, with the financing amount undisclosed.