SGX CDP Launches Marketnode Direct-to-Depository Bond Service
SGX CDP launches Marketnode direct-to-depository bond service
The Central Depository (CDP), Singapore Exchange's (SGX Group) depository arm, has made Marketnode's distributed ledger technology (DLT)-enabled direct-to-depository service available to debt issuers, a move designed to shorten settlement timelines for bond issuances in Singapore.
The service allows issuers to settle bonds directly into CDP via Marketnode's platform, removing manual steps in the traditional issuance chain and reducing the time between pricing and settlement.
This launch builds on Marketnode's ongoing work with SGX Group to digitalise the fixed income issuance lifecycle end-to-end, from primary issuance through to depository and asset servicing.
About Marketnode
Marketnode is Asia-Pacific’s digital market infrastructure (DMI) operator, backed by Euroclear, HSBC, SGX Group and Temasek.
Our unique combination of data, networks and access capabilities enables financial institutions to turn data into operational intelligence, streamline transactions over shared networks and shorten time to market for funds, structured products and credit in traditional and digitally native formats.
For more information, visit www.marketnode.com
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