Singapore Exchange, Temasek announce joint digital asset venture focused on capital markets
January 22, 2021, 4:49PM EST
1 min read
Singapore Exchange (SGX) and the Singaporean government-backed investment firm Temasek Holdings have formed a capital market-focused joint venture, SGX announced today.
“The early success in our digital bond issuance platform has paved the way for SGX to make a larger move into digital assets, and we are very excited to take our digital asset business to the next level in partnership with Temasek,” said Lee Beng Hong, SGX’s Head of Fixed Income, Currencies and Commodities, in the statement.
The joint venture will concentrate on smart contracts and tokenization in capital markets. Eventually, the two sides plan to collaborate with a fixed income issuance platform to create a series of asset servicing frameworks for clients.
“Together, we will capitalize on digitalization trends that continue to shape global capital markets, and advance the development of capital markets infrastructure in Asia,” Hong said.