Marketnode Secures Series A Funding Led by HSBC

Marketnode, a digital market infrastructure operator based in Singapore, has announced the first close of its Series A investment round, led by HSBC with additional support from existing shareholder Temasek.

Since 2020, Marketnode has been collaborating with HSBC to develop digital infrastructure for various financial assets, including credit, funds, and structured products. Their joint initiatives include participation in the Monetary Authority of Singapore’s (MAS) Project Guardian, the fund settlement platform Fundnode, and several digital bond projects.

The new funding will enable Marketnode to scale its platforms and advance its goal of creating a multi-asset digital ecosystem, beginning in the Asia-Pacific region. The company plans to enhance infrastructure across key asset classes such as digital fixed income and structured products, including the upcoming launch of Fundnode and other tokenised asset offerings.

As part of the investment, John O’Neill, Global Head of Digital Asset Strategy at HSBC, will join Marketnode’s Board of Directors.

Ian Glasner, Group Head of Innovation, Ventures, and Digital Partnerships at HSBC, emphasised the strategic importance of the investment, stating, “Our investment in Marketnode showcases our commitment to building robust multi-asset digital infrastructure, helping our customers safely and securely enter the world of digital assets. We are excited to drive innovation in the industry together.”

Rehan Ahmed, President of Marketnode, expressed gratitude for HSBC’s involvement, stating, “HSBC’s support is a natural extension of our collaboration. Combining Marketnode’s operational expertise with HSBC’s global platform represents a unique opportunity to shape the next generation of trusted and neutral market infrastructure. We welcome other industry partners to join us in rethinking financial markets out of Asia-Pacific.”