Marketnode
SGX Group, DBS, and Temasek-backed digital fixed-income market infrastructure platform. Covers digital primary issuance for fixed-income instruments (including tokenised primary issuance), data and reference services, and a registry layer for digital and tokenised debt. The closest Singapore equivalent to a domestic tokenised bond platform.
Operating details
How it actually settlesMarketnode operates a digital fixed-income platform spanning three layers: a digital primary-issuance layer for fixed-income instruments (including tokenised primary issuance for DLT-based deals), a data and reference-services layer covering bond reference data and post-trade information flows, and a registry layer for digital and tokenised debt. The platform sits adjacent to SGX's existing fixed-income market infrastructure rather than replacing it, and is positioned as the digital-primary-issuance counterpart to SGX's secondary-market venues.
SGX Group (founding shareholder), DBS (founding shareholder), Temasek (founding shareholder), HSBC (early bondholder counterparty), Standard Chartered (participating bank), UOB (participating bank), Various Singapore corporate issuers
Multiple primary issuances since the platform's 2021 launch, including tokenised debt deals run through the registry. Specific deal-by-deal volumes are not consolidated in a single public source. The shareholder base anchors the platform to the Singapore wholesale-banking and capital-markets institutional set.
Operates under MAS supervision through SGX-RegCo and the relevant CMS licensing applicable to its activities. Tokenised primary issuances are structured as electronic securities under Singapore's existing securities and futures framework rather than under a separate tokenisation regime.
The platform's specific role beyond primary-issuance and registry services for participating bank clients is not in current public coverage. Cross-border interoperability with Hong Kong (HSBC Orion / CMU) or Japan (Progmat / ibet for Fin) tokenised bond infrastructure is not published. Secondary-market liquidity for tokenised bonds remains thin.
Recent news2 curated · not yet covered
- CURATED2024-06-10MarketnodeDBS to invest in Marketnode, deepen partnership
DBS joined SGX and Temasek as a founding shareholder, formalising the bank's role on the digital primary-issuance side and deepening the bank's broader Singapore tokenisation footprint alongside DBS Token Services and DDEx.
- CURATED2023-08-23MarketnodeMarketnode launches digital fixed income issuance platform
Original platform launch positioned Marketnode as a multi-bank issuance and registry rail for digital fixed-income instruments, with the SGX-DBS-Temasek shareholder structure as the trust anchor for participating banks.