Temasek Shuns Crypto, Targets 15% AI Portfolio by 2031
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