Temasek

Temasek, Singapore’s state-owned investment firm, said on Monday that it has cut the pay of senior management and the investment team involved in the decision to invest in the now-bankrupt FTX cryptocurrency exchange.

Temasek, Singapore’s state-owned investment firm, has denied that it had invested in Array, an algorithmic cryptocurrency developer.

Temasek says its belief in Sam Bankman-Fried may have been ‘misplaced.’

London-headquartered banking giant Standard Chartered announced on Thursday that it had invested in the blockchain-based interbank settlement platform Partior, a joint venture of JP Morgan, DBS bank and Temasek.

Singapore state-backed fund is leading a US$100 million funding round into Hong Kong-based blockchain and game venture Animoca Brands, Bloomberg reported.  See related article: Singapore’s Temasek says doesn’t own Bitcoin, but prepping for tokenized assets Fast facts Temasek will make the investment through convertible bonds, according to unnamed sources cited by Bloomberg. Temasek has been […]

Singapore investment behemoth Temasek has been in the digital asset space for several years, and it’s doubling down on its commitment, says its blockchain chief.

Top blockchain and crypto news: Terra puts down the fork. Bitcoin loses its shine in Singapore. China’s miners dig in.

As Terra continues to crash, Do Kwon proposes a hard fork solution, Meanwhile, Singapore’s Temasek gets ready for tokenized assets.

The Bitcoin community got a lift last year when it was reported Singapore’s sovereign wealth fund had bought Bitcoin. The company told Forkast in an interview that they do not own BTC, but they are keen on blockchain investments.

Singapore-based private market exchange ADDX has partnered with Temasek subsidiary Fullerton Fund Management to list Fullerton’s private equity fund of funds (FOF) on its digital platform, ADDX said in a statement.  See related article: Digital securities exchange ADDX join Investcorp to offer tokenized US real estate fund Fast facts The Fullerton Optimized Alpha Fund is […]

Amber Group has secured US$200 million in a funding round led by Singapore’s sovereign wealth fund Temasek, raising the cryptocurrency platform’s valuation to US$3 billion.  See related story: Temasek-founded Affinidi launches new business unit to bring Web 3.0 to financial services to Southeast Asia Fast facts Existing investors including Sequoia China, Pantera Capital, Tiger Global […]

Affinidi, a Singapore-based technology company founded by state-owned investment firm Temasek, today announced the launch of a new business unit called Finnovate that aims to serve millions of underbanked individuals and small and medium enterprises across Southeast Asia by leveraging on Web 3.0 blockchain technologies. Fast facts Affinidi Finnovate is partnering with the financial services […]

The Singapore government-incubated blockchain platform promises to dramatically speed up transactions and lower the cost of international trade.

JPMorgan, DBS Bank and Temasek jointly form a new company, Partior, to develop a blockchain platform for cross-border payments and settlements.

JPMorgan, DBS and Temasek launch Partior to digitize commercial money as stablecoin transaction volume surge in Asia-centric exchanges.

Other top blockchain and cryptocurrency news: Bitcoin prices rise as BTC and ETH options expire. DeFi market steps up as Elon Musk says, ‘Don’t defy DeFi.’