Temasek: No Plans to Invest in Cryptocurrencies, Will Focus on Expanding AI Footprint

BlockBeats News, July 9th— Singapore's sovereign wealth fund Temasek Holdings has stated that it currently has no plans to directly invest in crypto assets and will instead focus its investments on the field of artificial intelligence.

Nagi Hamiyeh, Temasek's Global Head of Investments, mentioned that the firm manages assets totaling around 518 billion Singapore dollars (approximately $400 billion) and plans to increase the proportion of AI-related investments in its portfolio from 6% in the first quarter of 2026 to 15% by 2031. He believes that the AI investment cycle is still in its early stages and has long-term growth potential for the coming decades, although some specific areas within AI are currently valued ahead of fundamentals.

Regarding crypto assets, Hamiyeh stated that Temasek currently has no direct investments in crypto assets, and any future foray into this area will depend on the development of the global regulatory environment. He emphasized that while they are not investing in crypto assets, Temasek continues to monitor the potential application of blockchain technology to the real economy. He believes that the true value of AI will be demonstrated through enterprise applications and the development of a commercial ecosystem, rather than relying solely on cutting-edge models.