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SGX and Temasek JV to acquire minority stake in Covalent to build end-to-end digital infrastructure

Felicia Tan
Felicia Tan • 3 min read
SGX and Temasek JV to acquire minority stake in Covalent to build end-to-end digital infrastructure
The partnership will provide the Asian bond market with a unique one-stop listing, issuance and lifecycle management platform.
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Marketnode, the digital assets joint venture (JV) by SGX and Temasek Holdings, has partnered with fixed income issuance and data firm, Covalent Capital.

The JV was formed by SGX and Temasek Holdings on Jan 22.

Through the partnership, Marketnode and Covalent will build Asia Pacific’s first end-to-end digital infrastructure in the fixed income space. Marketnode will also acquire a minority stake in Covalent under the agreement.

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