#ftx-collapse

➤ Temasek, a major sovereign wealth fund, will not make direct investments in cryptocurrencies due to ongoing regulatory uncertainty, despite its continued interest in blockchain infrastructure. ➤ The fund's cautious stance is influenced by a past impairment on its FTX investment and a lack of clear legal frameworks for digital assets, particularly concerning custody and asset classification. ➤ While Temasek remains committed to monitoring and potentially investing in blockchain technology and tokenization rails, its direct exposure to crypto assets is expected to remain limited until regulatory clarity emerges.

➤ Temasek, a major sovereign wealth fund, maintains its stance against direct cryptocurrency investments due to regulatory uncertainty and lessons learned from the FTX collapse. ➤ The fund continues to focus on and invest in blockchain infrastructure and related technologies, differentiating it from direct crypto asset exposure. ➤ This cautious approach from a significant institutional player highlights the ongoing regulatory hurdles and the need for policy stability before large-scale capital can flow into digital assets.