Slaughter and May is advising Euroclear, which provides post-trade services such as settlement and custody of domestic and cross-border financial instruments to the financial industry, on its acquisition of a strategic stake in Marketnode Holdings Pte. Ltd.
Marketnode is a Singapore-based digital market infrastructure operator founded by SGX Group and Temasek in 2021, with HSBC investing in May 2024. Marketnode operates two flagship platforms, Gateway and Fundnode. Gateway is a one-stop, end-to-end platform enabling market participants to accelerate workflows, lower time to market and capitalise on tokenisation, while Fundnode is Singapore’s investments fund infrastructure on blockchain, providing a single platform for transaction management, funds processing and record-keeping. Euroclear’s investment in Marketnode will support the simplification of funds flow infrastructure in Asia-Pacific and aligns with Euroclear’s global funds strategy, strengthening its one-stop-shop fund offering in the Asia-Pacific region: Euroclear FundsPlace.
The acquisition was announced on 17 October 2024.
Carolyn Stannard / Trainee, Leila Sanghera / Trainee