Marketnode completes Series A funding led by HSBC and Temasek

The startup will use the investment for platform expansion.

The digital market infrastructure operator Marketnode has completed its Series A investment round led by HSBC and existing shareholder Temasek.

Marketnode said it will use the funding to scale its platform and develop a multi-asst ecosystem starting in the Asia-Pacific.

Pradyumna Agrawal, managing director for investment (blockchain) at Temasek, said the funding will help Marketnode develop market-neutral financial infrastructure.

The investment will also allow Marketnode to work with the financial services industry to enhance infrastructure across various assets.

As a result of HSBC's investment, John O’Neill, global head of digital asset strategy, will join Marketnode’s board of directors.

Since 2020, Marketnode and HSBC have co-developed a digital market infrastructure spanning credit, funds and structured products. They also participated in the Monetary Authority of Singapore’s Project Guardian initiative, Singapore’s fund settlement infrastructure Fundnode, and several digital bond initiatives.

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