The Singapore Exchange (SGX) and Temasek digital asset joint venture is building out an end-to-end DLT-enabled fixed income infrastructure.
Marketnode has announced partnerships with Barclays, BNP Paribas, BNY Mellon, Citi, Deutsche Bank, HSBC, Orient Securities International, Standard Chartered, Societe Generale and UOB, ahead of its upcoming product launches.
Marketnode’s fixed income issuer services platform is slated to launch in Q4 2021, and will provide issuers, law firms and banks with products and solutions such as documentation streamlining, investor engagement tools, ESG reporting and market access mechanisms, an announcement on Monday said.
The partner institutions will work closely with Marketnode to accelerate its usage, provide market input towards its product development, co-create DLT solutions and jointly explore product expansion beyond fixed income.
Streamlining Legacy Processes
Additionally, the platform will be partnering Singapore-based fintech RootAnt Global and U.K.-based blockchain solution platform SETL to build out its fixed income and multi-asset infrastructure.
UOB said it is fully behind the development of Singapore’s digital capital markets infrastructure.
«Backed by our capital market financing capabilities and regional connections, we will continue to seek strategic alliances with best-in-class digital exchanges to support the development of digital capital market infrastructure and to offer more progressive financing solutions across ASEAN,» Frederick Chin, UOB head of group wholesale banking, said comments shared with finews.asia.
