Technology
Digital Digest: The Latest Tech News – Marketnode, Maybank Asset Management
The latest technology news in the wealth management sector from around the world.
Marketnode, Maybank Asset Management
Marketnode, a
Singapore-based digital market infrastructure operator, has
started to collaborate with Maybank Asset Management Singapore to
put its money market fund on the blockchain, joining a
tokenization trend in financial services.
BNP Paribas’ Securities Services business will serve as the transfer agent, Marketnode said in a statement.
The Marketnode platform, Gateway, will provide the core tokenization architecture.
“This partnership underscores the power of collaboration across the financial ecosystem,” Andrew Scott, head of digital assets at Marketnode, said.
“As tokenization accelerates from concept to reality, the industry’s infrastructure must evolve just as boldly. By bridging infrastructural gaps and uniting expertise across our partners, we are defining what the next generation of trusted, interoperable markets can look like in Asia,” Scott said.
Marketnode is backed by Euroclear, HSBC, SGX Group and Temasek.
Maybank Asset Management Singapore is the Singapore-based subsidiary of Maybank Asset Management Group.