Temasek says crypto investment remains off the table after FTX loss

President of Temasek Global Investments Nagi Hamiyeh said the firm is still avoiding direct crypto exposure while focusing instead on blockchain infrastructure.

Summary

Temasek is still ruling out direct crypto investment as it works to move beyond its substantial loss in crypto exchange FTX. Nagi Hamiyeh, president of Temasek Global Investments, said crypto remains “still off the table” for the company. For now, the firm is concentrating on blockchain and its underlying infrastructure rather than taking direct exposure to digital assets, reflecting a more selective approach after the FTX setback.

Terms & Concepts
  • blockchain infrastructure: Underlying networks and tools supporting blockchain applications
  • FTX: Crypto exchange that collapsed after a high-profile failure