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HSBC Leads Funding Round for Marketnode, Boosting APAC's Digital Market Infrastructure

This investment marks a major step forward for the development of a robust and multi-asset digital ecosystem in the Asia-Pacific region.

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Marketnode, a Singapore-based pioneer in digital market infrastructure powered by distributed ledger technology (DLT), has secured a significant Series A investment led by global banking giant HSBC, according to an announcement on Thursday.

The investment signifies the growing collaboration between traditional financial institutions and innovative blockchain startups.

"The marriage of Marketnode’s FMI operational expertise and HSBC’s market leading global platform represents a unique opportunity to shape the next generation of trusted and neutral market infrastructure. We continue to welcome other industry partners to join us in rethinking financial markets out of Asia-Pacific,” Rehan Ahmed, president, Marketnode, said in the announcement.

Marketnode and HSBC have been working together since 2020 on various projects, including Singapore's Project Guardian initiative, the Fundnode fund settlement infrastructure, and several digital bond initiatives.

This funding will enable Marketnode to further scale its platforms and expand its reach across key asset classes. The company plans to focus on streamlining the issuance and trading of digital bonds and other fixed-income instruments, the creation and distribution of tokenized structured products, and facilitating the issuance and management of various tokenized assets.

HSBC's commitment to Marketnode is further underscored by the appointment of John O'Neill, global head of digital asset strategy at HSBC, to the company's Board of Directors.