- Singapore’s Temasek has ruled out direct cryptocurrency investments and is prioritizing artificial intelligence (AI) as its long-term growth strategy.
- The $400 billion investment fund plans to increase its AI portfolio from 6% to 15% by 2031, reflecting growing confidence in AI-driven innovation.
- Temasek’s cautious stance on crypto follows its $275 million write-off after the collapse of FTX in 2022.
Temasek has stated that it will concentrate on growing its artificial intelligence (AI) portfolio in the upcoming years rather than making any direct investments in cryptocurrencies. The action demonstrates the company’s increasing faith in AI while keeping a cautious approach to the digital asset market in the face of persistent regulatory uncertainties.
Temasek Holdings, a state-owned investment corporation in Singapore, oversees an investment portfolio valued at about $400 billion, or 518 billion Singapore dollars. The company intends to raise its AI-related investments from 6% of its portfolio in the first quarter of 2026 to 15% by 2031, according to Nagi Hamiyeh, President of Temasek Global Investments.
Nagi Hamiyeh, president of Temasek Global Investments, said crypto investment is “still off the table” for the company as it strives to move past a substantial loss in crypto exchange FTX.
“We don’t have directly any, any investment in crypto,” Hamiyeh told CNBC’s Sri Jegarajah… pic.twitter.com/1XGVsHsSUp
— CNBC (@CNBC) July 9, 2026
Hamiyeh told CNBC that the AI investment cycle is still in its early phases and may last for decades. He did, however, caution that investors should exercise caution because valuations in some sectors of the AI industry have increased more quickly than their underlying business fundamentals.
Temasek’s $275 Million FTX Loss Drives Cautious Crypto Investment Strategy
Temasek’s cautious approach to bitcoin comes after cryptocurrency exchange FTX collapsed in 2022, forcing the investment firm to write off $275 million. The event turned into one of Temasek’s biggest investment losses and led to heightened regulatory scrutiny of Singapore’s cryptocurrency sector.
The Monetary Authority of Singapore (MAS) tightened regulation of digital asset companies after the failure of FTX. For cryptocurrency businesses operating in the nation, the stricter restrictions have raised compliance requirements and made licensing more difficult.
Temasek Rules Out Crypto But Continues To Back Blockchain Innovation
Hamiyeh addressed Temasek’s present stance on digital assets, stating that the company does not directly invest in cryptocurrencies. However, he also admitted that how regulations evolve globally will have a significant impact on the future of cryptocurrency.
Temasek still believes that blockchain technology is valuable even though it has stopped investing in cryptocurrencies. The company continues to be interested in technology that might sustain long-term economic growth and thinks blockchain has the ability to help real-world sectors.
Temasek’s core investment focus, however, continues to be artificial intelligence. Building big frontier models won’t be the only factor in AI development, Hamiyeh stressed. Rather, he thinks that businesses that successfully use AI to solve business issues and establish long-term competitive advantages would have the greatest prospects.
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