Singapore's Temasek joins Facebook-backed Libra currency

State investment firm expected to help currency expand Asia footprint

20200515 facebook libra

One of the world's largest institutional investors, Temasek's decision to join the Libra Association is a major boost for the Facebook-backed cryptocurrency. © Reuters

KENTARO IWAMOTO, Nikkei staff writer

SINGAPORE -- Singapore state investment firm Temasek Holdings has joined Facebook's Libra cryptocurrency project, the Libra Association announced Thursday.

A major boost for the Swiss-based Libra Association, Temasek said it was joining the non-profit independent organization formed to facilitate the development of the cryptocurrency to explore its advanced use.

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