RATE Group | Singapore’s mega-investment firm Temasek joins Facebook’s Libra cryptocurrency effort • The Register
88547
post-template-default,single,single-post,postid-88547,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Singapore’s mega-investment firm Temasek joins Facebook’s Libra cryptocurrency effort • The Register

18 May Singapore’s mega-investment firm Temasek joins Facebook’s Libra cryptocurrency effort • The Register

Posted at 01:42h in Cryptocurrency News by

Singapore’s state-owned investment firm Temasek holdings has joined the Facebook-led Libra not-a-cryptocurrency project.

Temasek is Singapore’s sovereign wealth fund and has over $330bn under management. The company invests in plenty of tech outfits, listing Alibaba, Tencent and Dell Technologies in its portfolio (having previously helped Dell to acquire EMC). The company doesn’t only back blue chips and whales: it also funds more than a few startups.

Chinese Fen Shui good luck coins

Chinese numerologists are betting Dell/EMC deal will make them rich

READ MORE

Temasek’s Tweeted announcement of its participation in Libra said: “Looking forward to the potential of this #blockchain-based digital currency, and how it can help create a regulated global network for cost effective retail payments”. Libra’s canned statement said the investment firm “sees innovative technologies such as blockchain as transformative…

Source link

Tags:
, , , , , , , , ,