Singapore's Temasek investment fund says crypto is off the table, will focus on AI

Finance Singapore's Temasek investment fund says crypto is off the table, will focus on AI The $400 billion wealth fund plans to expand AI holdings to 15% of its portfolio by 2031 from the current 6%. By Olivier Acuna | Edited by Sheldon Reback Jul 9, 2026, 10:22 a.m. 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Temasek said it does not plan to invest in crypto and will instead pivot to AI. (Terence Ong/Wikimedia Commons) Summary Show Temasek Holdings plans to prioritize artificial intelligence investments over cryptocurrencies, citing regulatory uncertainty and a $275 million loss from the collapse of FTX in 2022. The Singapore state investment fund aims to lift AI-related holdings from 6% of its portfolio to 15% by 2031, while warning that some AI valuations have outpaced business fundamentals. Temasek says it has no direct crypto investments today but will continue exploring blockchain technology. 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 consumer protections in Singapore, prompting the central bank, the Monetary Authority (MAS), to swing toward stricter supervision, a move that resulted in higher compliance costs and slower licensing, among other challenges. “We don’t have directly any, any investment in crypto,” Hamiye 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 happen.” Hamiyeh said Temasek is continuing to explore blockchain technology and its potential to transform the real economy even as it focuses on artificial intelligence adoption and the development of a commercial AI ecosystem. “Not every situation needs frontier models,” he said, adding that “it’s all about the applications, and it’s all about the companies that embrace AI and build a moat.” Cryptocurrency Artificial Intelligence Singapore Latest Crypto News 1 Crypto trader applies legendary HODL strategy to EUR/USD forex bet 32 minutes ago 2 Sony secures conditional approval to set up U.S. stablecoin trust bank 34 minutes ago 3 Two blockbuster AI IPO's on the horizon could leave crypto further behind 51 minutes ago 4 Bitcoin's dwindling exchange reserves don't pack the same bullish punch anymore 1 hour ago 5 Live markets: Second day of U.S, Iran conflict keeps markets volatile as oil drops 3 hours ago 6 Bank of Japan may speed up rate hikes, pushing borrowing costs above 2%, ex-BOJ official warns 3 hours ago 7 'CASHCAT' trader turns $800 into over $1 million on Robinhood's brand new blockchain 3 hours ago 8 XRP holds near $1.10 as traders watch long-term breakout setup 5 hours ago 9 Bitcoin, ether steady, gold slides as U.S.-Iran tensions escalate again 5 hours ago 10 Polymarket bets on U.S. marketing blitz to win back trust after 4-year ban: Report 18 hours ago Latest Research SpaceX IPO Drives Tokenized Equity Volumes to Record as Stablecoin Market Cap Falls SpaceX IPO Drives Tokenized Equity Volumes to Record as Stablecoin Market Cap Falls Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B. By CoinDesk Research Jul 7, 2026 Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B. Why it matters : Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B. View Full Report More From Finance Sony secures conditional approval to set up U.S. stablecoin trust bank Dinari, tZERO join forces on turnkey platform for tokenized U.S. equities Crypto exchange Kraken is trying to become a bank in Europe