**Euroclear Makes Strategic Investment in Singapore's Marketnode**
Euroclear, a key player in securities clearing and settlement, has made its first strategic investment in Asia by partnering with Singapore's blockchain infrastructure provider, Marketnode. This move aims to bolster Euroclear's presence in the APAC region.
**Key Points:**
- **Marketnode's Platforms:** Marketnode offers Gateway, a tokenization service, and Fundnode, which handles transaction management and recordkeeping.
- **Strengthening FundsPlace:** Fundnode will enhance Euroclearâs FundsPlace, a comprehensive fund service.
- **Strategic Importance:** Philippe Laurensy, Euroclear's APAC CEO, emphasized the significance of this investment for their growth in Asia.
- **Investment Details:** The investment amount remains undisclosed. Euroclear joins SGX Group, Temasek, and HSBC as co-owners of Marketnode.
- **Blockchain Initiatives:** Euroclear has a history of engaging in blockchain projects, including investments in Fnality and collaborations on digital securities issuance.
Singapore continues to be a hub for blockchain innovation, ranking first in the Henley Crypto Adoption Index 2024.
