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Singapore's Temasek and SGX join forces to tap blockchain tech

City-state moves to expedite issuance and settlement of financial offerings

The SGX Center: The Singapore and Hong Kong stock exchanges are still working out how to regulate SPACs, which have drawn a flood of investor cash in the U.S.

SINGAPORE -- Singapore-owned investor Temasek and the city-state's stock exchange SGX on Friday announced a joint venture forming a company that will tap distributed ledger technology, or blockchain, to provide financial offerings for trading.

The company will look at using the tech to streamline the process of issuing and settling trading of listed products on the Singapore Exchange. It will start with bonds, funds and sustainable finance products, before potentially extending to cover other asset classes such as equities.

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