Singapore’s State Investment Firm Backed R3 as Part of Blockchain and AI-Focused

[Nikko]

Singapore’s state investment firm Temasek Holdings Pte has invested in enterprise blockchain software firm and global banking consortium R3, according to a Bloomberg report Nov. 22.

Temasek is a Singapore government-owned investment company, which has reported its Asia-focused portfolio to be worth around S$308 billion ($235 billion) as of spring 2018.

Bloomberg today cites an “internal memo,” whose contents have reportedly been confirmed by a Temasek spokesperson, which illuminates the company’s broad investment strategy as of October 2018. It indicates that Temasek is responding to a shifting global investment landscape by focusing in on bleeding-edge technologies such as blockchain and artificial intelligence (AI).

Readmore: https://cointelegraph.com/news/singapores-state-investment-firm-backed-r3-as-part-of-blockchain-and-ai-focused-strategy