Temasek, Singapore's sovereign wealth fund, has reiterated its stance of steering clear of cryptocurrency investments due to ongoing regulatory uncertainties. Nagi Hamiyeh, Temasek's global investment president, confirmed that crypto remains "off the table" following the fund's $275 million impairment loss linked to the FTX collapse in 2022. Instead, Temasek is concentrating on blockchain technology and its infrastructure, emphasizing its tangible impact on the real economy.
In contrast, Temasek is expanding its focus on artificial intelligence, particularly in applications and business ecosystem development. Hamiyeh outlined plans to increase the AI portfolio's share from 6% to 15% by 2031, with investments targeting automation, robotics, and industrial process optimization.
Temasek Avoids Crypto Investments Amid Regulatory Uncertainty
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