Global digital asset exchange AsiaNext has launched crypto derivatives trading.
Headquartered in Singapore, AsiaNext is a collaborative venture from SBI Digital Asset Holdings and SIX.
Specifically designed for institutional investors, it offers an institutional-grade end-to-end digital assets value chain and provides reduced counterparty and settlement risk.
The exchange received regulatory approval from the Monetary Authority of Singapore in September 2023, and aims to provide a range of products, including digital securities, tokenised real-world assets and sustainability-oriented listings.
It was launched in response to institutions’ increased exposure to digital assets over recent months, along with greater client demand for tokenised securities.
The exchange’s risk management processes, flexibility and intraday margining and settlement run capabilities create capital efficiencies for investors, the company says, with low-latency and high-frequency trading of crypto derivatives available on a 24/7 basis.
Chong Kok Kee, CEO of AsiaNext, says: “The main motivation was to create a fair, orderly and transparent venue through which institutions can transact with confidence; [a venue] that helps them realise the benefits of digital assets and crypto, while helping to minimise the downside risk.
“By putting regulation and rigorous governance at the forefront, we’re providing institutional investors with a safe venue for exposure to digital assets in this region.”
Jos Dijsselhof, CEO of SIX, comments: “The future of finance is in bridging the gap between traditional capital markets and digital ecosystems, with institutional adoption of digital assets emerging as a key pathway. AsiaNext is poised to accelerate this transformative journey.”
