Temasek Holdings, Singapore’s state investment fund with a portfolio worth $286 billion, said it will not look at cryptocurrency-related investments in the near term.
Rohit Sipahimalani, Temasek’s chief investment officer,“I do think that [would] be very difficult for us to make another investment and exchange in the middle of all this regulatory uncertainty,” Sipahimalani said.“We’ve never been looking to invest in cryptocurrencies. Even the investment in FTX, we’ll be talking about investing in an exchange, which allowed us to get fee-based revenue without thinking [of] balance sheet risk or any trading risks,” Sipahimalani said.
Temasek may consider crypto investments at some point in the future, however. “If you have the right regulatory framework, and we are comfortable with it, and you have the right investment opportunity, there’s no reason for us not to look at it,” Sipahimalani continued. “But as I said, at this point in time, we would not be comfortable investing in exchanges given the way things are right now.”
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