Fundnode is a new distributed ledger fund settlement utility that was launched by public-private partnership group The Singapore Funds Industry Group (SFIG) to improve the efficiency of funds settlement in Singapore. This new utility leverages the distributed ledger technology, and provides a single platform for market participants, such as distributors, fund managers, transfer agents and fund service providers, to conduct multiple activities across the settlement process. Fundnode is owned and operated by Marketnode, a joint venture between SGX Group and Temasek. On Money in the Market, Martin Pickrodt, CEO of Marketnode, joins us to tell us more details about Fundnode.

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