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Temasek rules out new crypto investments, to boost AI by 2031
Singapore sovereign investor Temasek said it has no direct crypto holdings, citing regulatory uncertainty and a $275 million loss tied to FTX.
Temasek Holdings, Singapore’s state-owned investment vehicle, said it is putting crypto investments off the table and will instead prioritize artificial intelligence as it reshapes its portfolio, according to CoinDesk. The fund, with a portfolio value of about 518 billion Singapore dollars, told CNBC it has no direct crypto investment today and will continue exploring blockchain technology.
Temasek cited lingering regulatory uncertainty around cryptocurrencies and the financial impact of the FTX collapse in 2022. CoinDesk reported the firm is still dealing with a $275 million loss and said that experience has kept it from pursuing further crypto exposure.
The shift will be reflected in its AI targets. Temasek plans to raise AI-related holdings from 6% of its portfolio in the first quarter of 2026 to 15% by 2031, framing AI as the next long-term investment cycle.
CoinDesk also noted Temasek acknowledged that some parts of the AI market may have seen valuations run ahead of fundamentals. The fund pointed to the broader post-FTX environment in Singapore, where regulators including the Monetary Authority of Singapore have moved toward tighter supervision, increasing compliance costs and slowing licensing.