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The Bitcoin community got an elevated last year once it was rumored Singapore’s sovereign wealth fund had bought Bitcoin. The corporate highlighted that in an associate interview that they do not own BTC. However, they’re keen on blockchain investments. Singapore’s Temasek Holdings, one of the world’s prime ten sovereign wealth funds, will not presently own Bitcoin. Still, it’s active in blockchain investments and looking out at rising opportunities within the industry.
Temasek doesn’t own Bitcoin
Temasek doesn’t investigate direct investment activities, but as of today, Temasek does not own Bitcoin, same as Pradyumna Agrawal, the fund’s manager for blockchain investment, said in an associate interview with Forkast’s Editor-in-Chief Angie Lau.
However, that’s not an announcement on whether or not we tend to like Bitcoin or whether we would like to have Bitcoin or not, Agrawal said within the could thirteen interviews in Singapore. That’s simply a factual statement of fact.
His comments follow media reports last year that said Temasek, which manages a portfolio value concerning S$381 billion (US$274 billion) for the city-state, was shopping for Bitcoin.
The firm has a flexible mandate
However, Temasek is renting its case to do the talking within the industry and is extremely centered on backing the most effective projects, Agrawal said.
In February, semiconductor diode a US$200 million funding spherical in cryptocurrency firm Amber Group. Also, Australian non-fungible tokens (NFTs) startup Changeless in March raised $200 million in a Series C funding led by Temasek.
Temasek incorporates a versatile mandate toward blockchain firms like raising cash through tokenization, Agrawal said.
He said that we could gain exposure or look to achieve exposure to areas that we expect are of interest to the United States and can deliver applicable risk-adjusted returns.
It’s among our mandate to be ready to own tokens, Agrawal added. However, if Temasek needs to be able to hold and act on tokens directly, you wish for a very different set of infrastructure.
In Singapore, it’s not simply Temasek that sees opportunities in blockchain technology.
