#temasek holdings

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 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