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 · awaiting ingestion
- 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.
Sunday evening Singapore time. Importance-3 items, one deep dive, what's worth watching next.