Euroclear, a financial services company, has acquired a strategic stake in Singapore-based blockchain company Marketnode.

According to Foresight News, financial services company Euroclear has acquired a strategic stake in Singapore-based blockchain company Marketnode, with the specific acquisition amount undisclosed. Euroclear's investment aims to leverage blockchain technology to modernize financial market infrastructure, focusing on streamlining fund management and reducing settlement times through distributed ledger technology.