Singapore Change and Authorities-owned funding agency Temasek are to determine a digital asset three way partnership centered on capital markets workflows by way of good contracts, ledger and tokenisation applied sciences.
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.”