Singapore’s Temasek invests $275 million in FTX

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Temasek made a $210 million USD investment in FTX International, granting it a 1% minority stake. Additionally, between October 2021 and January 2022, it invested $65 million for a 1.5% minority stake in FTX US over the course of two funding rounds. The company reported that the total cost of its investment was 0.09% of its $403 billion SGD ($293 billion USD) net portfolio value.

Temasek was clear to state that its investment in FTX was not a cryptocurrency investment. To be clear, it said, “We do not currently have any direct exposure to cryptocurrencies.” Instead, it chose to support FTX because it was a “leading digital asset exchange providing us with protocol agnostic and market neutral exposure to crypto markets with a fee income model and no trading or balance risk sheet.”

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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Singapore’s Temasek invests $275 million in FTX

Temasek made a $210 million USD investment in FTX International, granting it a 1% minority stake. Additionally, between October 2021 and January 2022, it invested $65 million for a 1.5% minority stake in FTX US over the course of two funding rounds. The company reported that the total cost of its investment was 0.09% of its $403 billion SGD ($293 billion USD) net portfolio value.

Temasek was clear to state that its investment in FTX was not a cryptocurrency investment. To be clear, it said, “We do not currently have any direct exposure to cryptocurrencies.” Instead, it chose to support FTX because it was a “leading digital asset exchange providing us with protocol agnostic and market neutral exposure to crypto markets with a fee income model and no trading or balance risk sheet.”

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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