Temasek Says Crypto Is Off the Table, Will Focus on AI
2026-07-09 11:20:22
Singapore’s Temasek Holdings said crypto is “off the table” as it prioritizes artificial intelligence amid regulatory uncertainty and after a $275 million write-off tied to the collapse of FTX in 2022. According to CoinDesk, the state investment firm, with a portfolio of about 518 billion Singapore dollars ($400 billion), aims to raise AI-related holdings to 15% of its portfolio by 2031 from 6% in the first quarter of 2026, while warning some AI valuations have outpaced fundamentals. Temasek said it has no direct crypto investments but will keep exploring blockchain technology.
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