CHUNK THUMBNAIL Singapores Temasek says doesnt own Bitcoin, but prepping for tokenized assets

Singapores Temasek says doesnt own Bitcoin, but prepping for tokenized assets

-Temasek Holdings, one of the worlds top 10 sovereign wealth funds, said it doesnt currently own Bitcoin, but it is active in blockchain investments and looking at emerging opportunities in the industry.

-Pradyumna Agrawal, the funds managing director for blockchain investment, said in an interview with Forkasts Editor-in-Chief Angie Lau that Temasek doesnt comment on direct investing activities, but as of today, Temasek does not own Bitcoin.

-However, Agrawal said that Temasek is focused on backing the best projects in the industry, and has led a US$200 million funding round in cryptocurrency firm Amber Group, as well as a $200 million Series C funding round for Australian NFT startup Immutable.

-Agrawal said that Temasek has a flexible mandate toward blockchain companies that prefer raising money through tokenization, and that it is within the funds mandate to be able to own tokens.

-However, he said that Temasek would need some time to ensure that it meets the funds operating risk requirements and that it can do so at scale.

 

 

CHUNK THUMBNAIL Singapores Temasek says doesnt own Bitcoin, but prepping for tokenized assets
Singapores Temasek says doesnt own Bitcoin, but prepping for tokenized assets 3

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