The major European securities settlement firm has found an Asian platform for its FundPlace offering.
Securities clearing and settlement provider Euroclear has made a strategic investment in Singapore’s blockchain-based infrastructure provider Marketnode. This is Euroclear’s first investment in Asia and is intended to help strengthen its position in the region.
Marketnode operates two platforms: the Gateway tokenization service and Fundnode investment fund infrastructure, which provides a platform for transaction management, funds processing, and recordkeeping.
Fundnode will strengthen Euroclear’s FundsPlace “one-stop-shop fund offering.” Euroclear CEO for APAC Philippe Laurensy said in a statement: