Singapore Exchange, Temasek Launch Digital Asset Business for Capital Markets

The firm planned to launch a digital asset securities platform in Singapore, as well as provide custody, capital markets products and corporate finance advisory services. The Monetary Authority of Singapore, or MAS, has granted SBI Digital Markets, a subsidiary of the digital asset arm of Japan-based financial giant SBI Holdings, a license to conduct certain regulated activities in the country.In a Thursday announcement, MAS said it had awarded SBI Digital Markets a Capital Markets Services license following the firm receiving in-principle approval in May. The firm, whose parent company....

Singapore government-backed investor Temasek is known for crypto-related investments but is yet to do its first direct investment in crypto. Animoca Brands, a major player in the metaverse and blockchain gaming, has officially disclosed details of a funding round led by Singapore's state-owned investor Temasek.Animoca announced on Thursday that it closed a strategic funding round of $110 million from the issuance of convertible notes to a small number of institutional investors. Completed at a conversion price of 4.5 Australian dollars, or about $3, the new round values Animoca similarly....

Following a successful trial of DLT-based bond issues, SGX forms a dedicated company with investment firm Temasek, to extend and expand use of the tech. The use of DLT can bring efficiencies to many aspects of the lifecycle of financial products, from listing and issuing, through to settlement of trades.Singapore’s stock exchange, SGX, has announced a joint venture with investment firm, Temasek, to use distributed ledger technology to streamline the issuance and trading of financial products listed on its platform.According to a Jan. 22 report from Nikkei Asia, this will initially consider....

Both parties participated in a $200 million funding round for the Australian NFT Immutable in March 2022. The venture capital market of the cryptocurrency industry is holding strong despite the crypto winter as major government-linked firms reportedly continue betting on big industry players.Singapore state-owned investment firm Temasek is joining a $100 million funding round for the blockchain and venture studio Animoca Brands, Bloomberg reported on Tuesday. According to the report, Temasek will lead Animoca's financing round through convertible bonds.Both Animoca and Temasek are known....

Temasek invested in a series of FTX's round findings that led to its $32 billion valuation in January. Singapore’s state-owned investment firm Temasek, a shareholder at FTX, is reportedly engaging with the cryptocurrency exchange in the liquidity crisis that led to its unexpected (and still pending) bail out on Nov 8.In comments to Reuters, the sovereign wealth fund said it was "aware of the developments between FTX and Binance, and are engaging FTX in our capacity as shareholder," avoiding providing further details about the case impacts on its portfolio. Temasek invested in a series of....