ChainCatcher news, financial services company Euroclear has acquired a strategic stake in Singapore blockchain company Marketnode, with the specific acquisition amount undisclosed. Euroclear's investment aims to leverage blockchain to modernize financial market infrastructure, focusing on simplifying fund management and reducing settlement times through distributed ledger technology.Marketnode was founded in 2021 by the Singapore Exchange Group and Temasek, operating two blockchain platforms: Gateway and Fundnode, focusing on tokenization and digital fund management.

ChainCatcher news, Marketnode, a digital market infrastructure operator founded by SGX and Temasek, has completed its Series A funding round, led by HSBC, with existing shareholder Temasek among the investors.The funds from this round will be used to scale the Marketnode platform in key asset classes such as digital fixed income and structured products, participate in the upcoming Fundnode, and launch other tokenized asset products.Additionally, as part of HSBC's investment, John O'Neill, Global Head of Digital Assets Strategy at HSBC, will join the Marketnode board.

ChainCatcher news, the Monetary Authority of Singapore (MAS) shares the results of the first pilot project of its Project Guardian, which focuses on exploring DeFi and Tokenization. MAS also announced two additional pilot projects, namely Trade Finance and Wealth Management.Standard Chartered is leading the first pilot project, exploring the Tokenization of trade finance assets. In the Wealth Management pilot project, HSBC and UOB are collaborating with the blockchain Tokenization platform Marketnode, aiming to issue native digital wealth management products to enhance efficiency and expand the number of new users.DeFi is one of the four key areas of Project Guardian; the two newly announced pilot projects focus on Tokenization; other areas include trust anchors that enable institutions to participate in public chains and explore open interoperable networks. (Source link)