Singapore’s Temasek joins Facebook-backed Libra currency

SINGAPORE — Singapore state investment firm Temasek Holdings has joined Facebook’s Libra cryptocurrency project, the Libra Association announced Thursday.

A major boost for the Swiss-based Libra Association, Temasek said it was joining the non-profit independent organization formed to facilitate the development of the cryptocurrency to explore its advanced use.

“Blockchain technology can play a transformative role in payments networks by enhancing cost efficiencies, creating new business opportunities and accelerating financial inclusion,” Chia Song Hwee, deputy Chief Executive Officer of Temasek International, said in a statement.

“Our participation in the Libra Association as a member will allow us to contribute towards

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