SGX and Temasek to develop blockchain-based digital asset trading infrastructure

The settlement builds on the profitable collaboration between SGX, Temasek and HSBC which culminated with the issuance of Asia’s first public syndicated digital bond for Olam Worldwide in August 2020. In all, SGX’s digital asset issuance, depository and servicing platform was used to difficulty 4 digital bonds by a number of issuers, with a complete dimension of over S$1 billion.

SGX says the JV will look to accomplice with fastened earnings issuance platforms to hook up with its post-trade and asset servicing infrastructure, offering issuers, arranger banks, legal professionals, traders and paying brokers with an issuance-to-settlement community for Asia bonds. Concurrently, the JV will deal with different present and rising asset courses which have seen rising market demand, together with funds and sustainable finance.

Lee Beng Hong, senior managing director, head of fastened earnings, currencies and commodities (FICC), SGX, says: “The early success in our digital bond issuance platform has paved the best way for SGX to make a bigger transfer into digital belongings, and we’re very excited to take our digital asset enterprise to the subsequent stage in partnership with Temasek. Collectively, we are going to capitalise on digitalisation traits that proceed to form international capital markets, and advance the event of capital markets infrastructure in Asia.”