PANews|Jul 09, 2026 08:42
[Temasek: Crypto investments 'still not under consideration' due to regulatory uncertainty]
According to CNBC, Nagi Hamiyeh, President of Global Investments at Singapore's sovereign wealth fund Temasek, stated that crypto investments are 'still not under consideration' due to regulatory uncertainty in the industry. In 2022, Temasek faced widespread criticism after writing down $275 million in impairment losses following the collapse of the FTX crypto exchange. Hamiyeh mentioned that the company is currently focusing on blockchain and its infrastructure, emphasizing the technology's practical applications in the real economy. Regarding AI investments, Hamiyeh prefers AI applications and building business ecosystems over cutting-edge models, with a long-term focus on automation, robotics, and industrial process optimization. The goal is to increase the proportion of AI investments in the portfolio from 6% to 15% by 2031.
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