Temasek excludes cryptocurrency from investments four years after FTX collapse

The post Temasek Reaffirms Crypto Stance: No Direct Investments, Still Watching Blockchain Infrastructure appeared on BitcoinEthereumNews.com. The public stance of one of the world’s most watched sovereign wealth funds has shifted only slightly since the FTX collapse: no direct crypto exposure, and no plans to add any. Nagi Hamiyeh, chief investment officer at Temasek, repeated that message this week, according to the original report from CNBC. The Singapore state fund took a roughly $275 million impairment on its FTX investment in 2022, and the lesson it drew appears fixed in place. The fund has no direct crypto holdings, Hamiyeh said, adding that regulatory uncertainty keeps digital assets “outside our investment scope.” That language matters. It is not a temporary pause or a tactical portfolio decision. It is a boundary drawn by institutional risk parameters, the kind that sets a ceiling on the capital that can flow into crypto markets from this class of allocator until the legal gr

The post Temasek Shuns Crypto, Targets 15% AI Portfolio by 2031 appeared on BitcoinEthereumNews.com. Temasek Holdings will not add new cryptocurrency exposure. The $400 billion Singapore state investor will instead deepen its bet on artificial intelligence. Nagi Hamiyeh, president of Temasek Global Investments, told CNBC that regulatory uncertainty is driving the shift. A lingering $275 million write-off from the 2022 FTX collapse also weighs on the decision. Why Temasek Is Stepping Back From Crypto Temasek confirmed it holds no direct crypto positions today. The fund still remembers the FTX custody failures that followed Sam Bankman-Fried’s exchange collapse. Consequently, that collapse hardened Singapore’s regulatory posture across the sector. Regulators tightened licensing rules soon after, and compliance costs climbed as approvals slowed. Several exchanges and fund managers reportedly rethought their Singapore operations because of it. Hamiyeh said Temasek cannot forecast what role

The post Temasek Keeps Crypto “Off the Table” Four Years After $275M FTX Writedown appeared on BitcoinEthereumNews.com. TLDR: Temasek holds zero direct crypto investments, citing unresolved regulatory uncertainty worldwide today. The fund absorbed a $275 million FTX writedown in 2022, damaging Singapore’s financial reputation. Temasek plans to raise AI exposure from six percent to fifteen percent of assets by 2031. Europe drew 12 billion euros in Temasek capital over two years, trailing only the United States. Temasek crypto investments remain absent from the Singapore sovereign wealth fund’s portfolio, four years after a costly FTX exposure. Chief Investment Officer Nagi Hamiyeh confirmed the firm holds no direct digital asset positions, citing ongoing regulatory uncertainty across global markets. The statement follows a $275 million writedown Temasek recorded in 2022 after the collapse of cryptocurrency exchange FTX. Despite avoiding direct crypto exposure, Temasek continues tracking

The post Singapore investment giant Temasek to shun crypto in pivot to AI appeared on BitcoinEthereumNews.com. Singapore’s state-owned investment firm, Temasek Holdings, said it will prioritize AI investments over crypto due to regulatory uncertainty and the lingering impact of a $275 million write-off from the collapse of crypto exchange FTX in 2022. The firm, with an investment portfolio valued around 518 billion Singapore dollars ($400 billion), plans to increase its AI exposure from 6% of its portfolio in the first quarter of 2026 to 15% by 2031, Nagi Hamiyeh, president of Temasek Global Investments, told CNBC on Wednesday The AI investment cycle has just begun and will continue for decades, he said, while cautioning that valuations in some parts of the industry have run ahead of fundamentals. Temasek, the state’s largest investment vehicle after GIC Private Ltd., is still dealing with the hit it took following the collapse of FTX. That implosion and other failures exposed weak con

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