Odaily Planet Daily News Marketnode, a digital market infrastructure operator founded by SGX and Temasek, said it will launch a funds settlement infrastructure built on blockchain technology as early as late June. Marketnode said it took them about 12 months to build a commercially viable funds settlement platform Fundnode, while it usually takes 3 to 5 years to build such a platform. During the trial phase, Marketnode tested the platform's fund transaction management, processing and record keeping functions. Marketnode President Rehan Ahmed said that more strategic partners of the Fundnode network, including financial institutions and infrastructure participants, are expected to be announced later in 2024; Gateway, a one-stop issuance, tokenization and asset service platform, plans to launch tokenized credit products (such as bonds and loans) in the first quarter of 2025. (The Straits Times) Earlier news, Marketnode completed its Series A financing, led by HSBC, and investors also included existing shareholder Temasek. The funds raised from this round will be used to scale the Marketnode platform in key asset classes such as digital fixed income and structured products, participate in the upcoming launch of Fundnode, and launch other tokenized asset products. As part of HSBC's investment, John O'Neill, HSBC's global head of digital asset strategy, will join the Marketnode board of directors.