HSBC has spearheaded a Series A funding round for MarketNode, a cutting-edge digital market infrastructure operator from Singapore, co-founded by SGX and Temasek.
Since 2020, MarketNode and HSBC have actively collaborated on MAS’s Project Guardian, Singapore’s fund settlement infrastructure Fundnode, and various digital bond initiatives.
Rehan Ahmed, President of MarketNode, commented, “HSBC’s support marks the natural progression of our collaboration across multiple asset classes since MarketNode’s inception. The combination of MarketNode’s FMI operational expertise and HSBC’s global platform is a unique opportunity to shape next-generation, trusted, and neutral market infrastructure. We invite other industry partners to join us in rethinking financial markets out of Asia-Pacific.”
The fresh investment, with contributions from existing shareholder Temasek, will scale MarketNode’s platforms across key asset classes, including digital fixed income and structured products. It will also support the upcoming launch of Fundnode and other tokenised asset offerings.
As part of HSBC’s investment, John O’Neill, HSBC’s Global Head of Digital Asset Strategy, will join MarketNode’s Board of Directors.
Ian Glasner, HSBC’s Group Head of Innovation, Ventures, and Digital Partnerships, stated, “Our investment in MarketNode underscores our joint commitment to building robust multi-asset digital infrastructure across our markets, enabling our customers to enter the world of digital assets safely and securely.”
