Triple-A rated Temasek Holdings has been experimenting with bitcoin.
Temasek adopted a cautious approach and slowed down its investment pace, with a net investment of $3 billion in the 12 months ending March 31.
According to Temasek, despite the absence of any misconduct, both its senior management team and investment body assumed collective accountability and accepted a reduction in their compensation.
As far as the crypto industry is concerned, Multicoin Capital said it does not believe FTX will be the downfall of the industry.
Temasek clarified that its investment in FTX does not imply it has direct exposure to cryptocurrencies.
Temasek has always been actively investing in the crypto industry. The company is focused on backing crypto-related companies despite the recent crypto crash.
ShareChat now has a $5 billion valuation courtesy of a $300 million funding exercise that featured Google and other giants.
Pine Labs offers services to banks and merchants via a monthly fee and gets a micro fee on every transaction.
Digital assets currently hosted on the Singapore-based bank’s digital asset exchange are Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and XRP.
The new initiative is not a surprise for many as JPMorgan Chase, DBS, and Temasek are not new players in the blockchain and digital currency ecosystem.
HSBC, SGX and Temasek have successfully issued a $294M digital bond, which is a 5.5-year corporate one, to Olam International.