Marketnode has partnered with ten institutions ahead of its upcoming product launches focused on digital issuance services, ESG bond data and digital asset depository infrastructure.
The Singapore Exchange (SGX) and Temasek digital asset joint venture’s new partners include Barclays, BNP Paribas, BNY Mellon, Citi, Deutsche Bank, HSBC, Orient Securities International, Standard Chartered, Societe Generale and UOB.
These ten partners will work alongside Marketnode to increase the usage of its platform, help with product development by providing market input, co-create DLT solutions and work towards product expansion beyond fixed income.
Set to launch in Q4 this year, Marketnode’s fixed income issuer services platform will provide issuers, law firms and banks with services including documentation streamlining, investor engagement tools, ESG reporting and market access mechanisms, all of which are powered by data analysis.
Marketnode currently works in collaboration with Covalent Capital and will also partner with Singapore-based FinTech RootAnt Global, and UK-based blockchain solution platform SETL to build out its fixed income and multi-asset end-to-end infrastructure.
Announced in February, Marketnode’s partnership with Covalent Capital has seen both parties launch integrated offerings such as auto-ISIN generation and digital bond straight-through processing.
Marketnode will continue to work in collaboration with the industry and its partners to jointly create applications aiming to bring increased efficiency to capital markets.
“The participation of these banks onto the Marketnode platform is a significant milestone. It further validates the market for end-to-end infrastructure, and services for digital assets,” said Pradyumna Agrawal, managing director, Blockchain@Temasek.
“Their contributions towards enhancing the platform’s offerings and capabilities will be invaluable. We look forward to welcoming more market participants as increased industry involvement will foster scale, robustness and spur greater capital markets infrastructure innovation.”
Earlier this month, in another significant development for digital market infrastructure, SIX Digital Exchange AG received authorisation from the Swiss Financial Market Supervisory Authority (FINMA) to act as a central securities depository, while associated company, SDX Trading, received authorisation to act as a stock exchange.
The authorisation allows SDX to go live with a fully regulated, integrated trading, settlement, and custody infrastructure based on distributed ledger technology for digital securities.