PANews reported on October 17 that according to Decrypt, Euroclear, a global financial market infrastructure provider, has entered the Asian market for the first time and acquired a strategic stake in Marketnode, a digital market infrastructure company headquartered in Singapore that specializes in blockchain technology. The investment in Euroclear aims to use blockchain to modernize financial market infrastructure, with a focus on simplifying fund management and shortening settlement time through distributed ledger technology. The financial terms of the transaction have not yet been disclosed.

Founded in 2021 by SGX Group and Temasek, Marketnode operates two blockchain-based platforms, Gateway and Fundnode, focusing on tokenization and digital fund management. Fundnode is one of Marketnode's flagship platforms, which uses blockchain to simplify fund trading, processing and record keeping.