Marketnode, a Singapore Exchange (SGX) and Temasek digital asset joint venture, has announced partnerships with Barclays, BNP Paribas, BNY Mellon, Citi, Deutsche Bank, HSBC, Orient Securities International, Standard Chartered, Société Générale and UOB, ahead of its upcoming product launches.
The products are focused on digital issuance services and asset depository infrastructure, and environmental, social and governance (ESG) bond data. These components will play a key role in the buildout of an end-to-end distributed ledger technology (DLT)-enabled fixed-income infrastructure.
Beyond early adoption of these products, the ten partner institutions will work closely with Marketnode to accelerate usage of its platform, provide market input towards its product development, co-create DLT solutions and explore product expansion beyond fixed income.
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, all powered by data analysis.
In addition to its existing strategic collaboration with Covalent Capital, Marketnode will also be partnering with RootAnt Global, a Singapore-based fintech, and SETL, a UK-based blockchain solution platform to build out its fixed-income and multi-asset end-to-end infrastructure.
“By collaborating with banking and technology partners, we are creating network effects and building scale and capability that can be applied cross-assets within a single platform, for the benefit of banks, issuers and investors,” says Lee Beng Hong, head of fixed income, currencies and commodities, at SGX. “We welcome all market participants to join Marketnode in playing a role to accelerate the digital transformation of capital markets.”