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 readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Temasek announced its decision to pivot towards AI investments instead of cryptocurrencies. (Terence Ong/Wikimedia Commons)SummaryShow- Temasek Holdings will prioritize investments in artificial intelligence, steering clear of cryptocurrencies due to regulatory challenges and a $275 million loss from the FTX collapse.
- The Singapore-based fund aims to raise its AI investments from 6% to 15% of its portfolio by 2031, noting concerns over inflated valuations in the AI sector.
- While Temasek currently holds no direct crypto investments, it will keep exploring blockchain technology.
Temasek Holdings, Singapore’s state-owned investment entity, has decided to focus on artificial intelligence investments instead of cryptocurrencies, citing ongoing regulatory uncertainties and the financial impact from a $275 million loss linked to the FTX exchange's collapse in 2022.
With an investment portfolio currently valued at approximately 518 billion Singapore dollars ($400 billion), the firm plans to boost its AI holdings from 6% to 15% by 2031, according to Nagi Hamiyeh, president of Temasek Global Investments, who spoke to CNBC on Wednesday. He emphasized that the AI investment cycle is just beginning and is expected to last for decades, although he also cautioned that some AI valuations have exceeded their underlying business fundamentals.
As the largest investment vehicle in Singapore after GIC Private Ltd., Temasek is still recovering from the fallout of the FTX incident, which raised concerns about consumer protections in the country. This has prompted the central bank, the Monetary Authority of Singapore (MAS), to implement stricter regulations, resulting in higher compliance costs and delayed licensing processes.
Despite its pivot to AI, Temasek continues to investigate blockchain technology's potential to impact the real economy while fostering the adoption of AI and building a commercial AI ecosystem.
“Not every situation needs frontier models,” he added, stressing that “it’s all about the applications, and it’s all about the companies that embrace AI and build a moat.”
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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.
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