Euroclear and Marketnode Launch Singapore Funds Solution

Euroclear and Marketnode join forces to deliver an end-to-end solution for investment funds in Singapore

Euroclear and Marketnode, the Singapore based digital market infrastructure operator, have announced the roll out of a comprehensive, end-to-end fund order and processing solution for retail and institutional funds in Singapore.

This new client offering is a result of the combination of Euroclear's global fund platform, FundsPlace and Marketnode's blockchain-enabled funds infrastructure — Fundnode. The service significantly streamlines multiple activities across the retail cash and pension fund order and settlement lifecycle. Client benefits include reducing manual intervention, improving reconciliation processes, and accelerating settlement times.

Euroclear previously made a strategic investment in Marketnode, reinforcing the strength of FundsPlace as a one stop shop for fund services across the Asia Pacific region and supporting its broader global funds strategy. Clients can seamlessly access Marketnode's full suite of services for retail cash and pension fund flows. Additionally, the partnership enables Marketnode participants to tap into FundsPlace's global marketplace and distribution network, broadening access beyond Singapore-based funds to a wide range of international funds including public and private funds.

Marketnode's other major shareholders include SGX Group, Temasek, and HSBC.

Rehan Ahmed, CEO of Marketnode, said: "This milestone marks an important step in our journey as we continue to scale our funds market infrastructure in Asia-Pacific and beyond. The integration with Euroclear FundsPlace will provide our clients with a powerful toolset to unlock new business opportunities in public and private funds. We are pleased to partner with Euroclear on our shared ambition to build a next-generation funds market infrastructure for Asia."

Philippe Laurensy, CEO Asia-Pacific, Euroclear, commented: "We are very pleased to take this next step with Marketnode to enhance access to investment funds in Singapore and expand our global reach. Leveraging cutting-edge technology with a like-minded partner allows us to enhance service quality and work toward the development of a robust, industry-wide standard for Singapore's fund ecosystem."