A consortium anchored by KKR and Singtel has acquired data centre operator STTGDC, while Federated Hermes has partnered with Conduit to offer tokenised money market fund.
KKR-Singtel consortium acquires data centre operator
A consortium led by global investment KKR and Singapore Telecommunications (Singtel) has completed its acquisition of data centre operator ST Telemedia Global Data Centres (STTGDC), according to an announcement.
STTGDC will retain its existing management and strategy following the transaction, the Singapore-headquartered company said on Wednesday. Financial terms of the completed acquisition were not disclosed in the announcement.
The company has expanded operational capacity by 25% since the end of 2025 to 780 megawatts, while contracted capacity increased 50%.
STTGDC has also secured close to 2 gigawatts of powered land for projects under construction and its development pipeline, as demand from hyperscalers, cloud providers, and artificial intelligence companies drives data centre investment.
Its portfolio includes 34 data centres across 10 Indian cities with more than 613 MW of IT capacity. In Indonesia, STTGDC is developing a pipeline exceeding 360 MW of AI-ready capacity around its Jakarta campus.
Federated Hermes partners Conduit
Global asset manager Federated Hermes has partnered with Singapore-based Conduit Digital Holdings to offer institutional and wholesale investors in Asia Pacific tokenised exposure to a US dollar money market fund.
Under the arrangement, a fund managed by Conduit will invest in the Federated Hermes Short-Term US Prime Fund, with shares in the Conduit fund subsequently tokenised for distribution across the region, the companies said.
The underlying UCITS-authorised fund invests primarily in short-term US dollar-denominated debt instruments, including commercial paper and certificates of deposit. Federated Hermes managed $676.9 billion in money market assets as of June 30.
The partnership marks Federated Hermes’ first digital-assets initiative in Asia Pacific and extends its push into tokenised investment products.
Conduit plans to expand the utility of the tokens beyond investment and settlement, including their potential use as collateral and for multicurrency treasury management.
