A new digital asset venture between Singapore Exchange (SGX) and the sovereign wealth vehicle Temasek has announced its first partnership – with Covalent Capital, the fintech backed by alumni from Deutsche’s global markets business, which was profiled by Euromoney in 2018.
The SGX/Temasek venture is called Marketnode and is focused on digital initiatives in the capital markets space. It builds upon a previous initiative between the two groups and HSBC, which led to the issuance of Asia’s first public syndicated digital bond, for Olam International in August.
It will be unique.
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