Companies announced on Wednesday that Euroclear and Marketnode launched a joint solution in comprehensive boxes and boxes to a party.
The solution aims to simplify the scene of the investment fund in Singapore.
The new show combines the global boxes platform in EuroClear, boxes, with Blockchain infrastructure from Marketnode, Fundnode. Companies said it is expected to simplify the life cycle of funds and institutions.
The service aims to reduce manual treatment, improve reconciliation, and accelerate settlement times.
“This teacher represents an important step on our journey as we continue to expand the infrastructure of the money market in the Asia and the Pacific region,” said Rihan Ahmed, CEO of Marketnode. “Integration with EuroClear Fundsplace will provide our customers with a strong set of tools to cancel new job opportunities in public and private funds.”
Cooperation depends on the strategic investment of Euroclear in Marketnode in 2024 and supports the wider global funds strategy.
Euroclear customers can now access the Marknode services for retail trade in retail and pension flows, while participants in Marketnode get entry to the international distribution network in Euroclear.
Philip Lorence, the CEO of Asia Pacific in Europe, said the partnership “will enhance access to investment funds in Singapore and expand our global scope,” adding that the two companies are participating in developing a “strong standard, at the industry level” of the ecosystems of the fund.
Marketnode supports SGX, Temasek and HSBC collection, as well as the most modern EuroClear investment.