HSBC Leads Marketnode’s ‘Strategic’ Series A Investment Round

Marketnode concludes a strategic Series A investment round led by banking giant HSBC.

A cat in china seeing some crypto coins laying on the ground, HSBC logo in the background artwork.
Created by Kornelija Poderskytė from DailyCoin
  • Marketnode has concluded its Series funding investment round.
  • A global banking giant led the round.
  • Marketnode will use the investment for several initiatives.

Marketnode announced on Thursday the conclusion of its Series A investment round led by global banking giant HSBC.

Founded by SGX Group and Temasek, Marketnode is a Singapore-based digital market infrastructure operator interested in tokenized credit, funds, and structured products. The company and HSBC have jointly participated in the MAS-led Project Guardian to test various digital bond initiatives.

Marketnode’s Series A Investment

According to a press release dated May 30, HSBC led a strategic Series A investment round for Marketnode, with participation from existing shareholder Temasek.

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Without disclosing the exact amount of the funding, Marketnode said it would use the investment to bolster financial services infrastructure across key asset classes such as digital fixed income and structured products.

The company will also use the funding to collaborate with financial industry stakeholders, roll out other tokenized asset offerings, and participate in the upcoming launch of Fundnode, its investment fund infrastructure powered by distributed ledger technology.

Marketnode President Rehan Ahmed lauded the development, noting that HSBC’s support represented the “natural extension” of the two companies’ collaboration.

Sponsored

"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," Ahmed stated.

According to the statement, John O’Neill, Global Head of Digital Asset Strategy at HSBC, will join Marketnode’s Board of Directors as part of HSBC’s investment in the company.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.