Yet the firm is betting big on artificial intelligence and European luxury brands instead.

Still No Crypto, Still Watching

Temasek president Nagi Hamiyeh said, “We don’t have directly any, any investment in crypto.” The firm stays away because of regulatory uncertainty and the sting of the FTX loss. Then-deputy prime minister Lawrence Wong called that loss “disappointing” and damaging for Singapore‘s reputation.

But Temasek isn’t ignoring the technology behind crypto entirely. It prefers blockchain infrastructure and real-world applications over digital coins. Hamiyeh said, “I can’t forecast what happens in the future, and the role that crypto is going to play in the main economy, depending on the different regulations that might…