Positioned for every growth opportunity — SGX Group has moved to sharpen its offerings across all businesses to deliver growth
Kwa Chong Seng, Chairman, SGX Group, and Loh Boon Chye, CEO, SGX Group, reflects back on SGX Group’s FY2022 performance, achievements and future plans.
Marketnode was proud to be mentioned as a highlight in this lookback under “Digitalising Fixed Income”, with special mention of our “direct-to-depository” service for fixed income and our participation in Project Guardian.
Digitalising fixed income
Digitalisation and sustainability are 2 major trends shaping the future of capital markets. We are harnessing next-generation technology to catalyse efficiency and advance Asia’s capital markets infrastructure, starting with fixed income. Marketnode, SGX Fixed Income’s digital-asset joint venture with Temasek, is using smart contracts and distributed ledger technology to build an issuance-to depository fixed income infrastructure with partner institutions.
Working with SGX Central Depository, Marketnode launched a “direct-to-depository” service for commercial paper, providing a one-stop documentation and security creation capability. This joint service led to a shortening of the settlement cycle from 5 days to 2. Marketnode also announced its participation in Project Guardian, an initiative with JPMorgan and DBS led by MAS, focused on fixed income tokenisation and decentralised finance for wholesale funding markets…
Read the full article here:
https://www.businesstimes.com.sg/opinion/positioned-for-every-growth-opportunity