Singapore-headquartered AsiaNext, a joint venture that includes Swiss exchange SIX, has launched crypto derivative trading in the region.
AsiaNext – a joint venture between Switzerland’s SIX Group and Japan’s SBI Digital Asset Holdings (DAH) – has launched crypto derivative trading in Asia, according to a statement. This includes low latency and high frequency trading available at all hours and days.
«The main motivation was to create a fair, orderly and transparent venue through which institutions can transact with confidence; that helps them realize the benefits of digital assets and crypto, while helping to minimize the downside risk,» said AsiaNext CEO Chong Kok Kee.
Insti Demand
According to a joint survey by AsiaNext and DAH, most institutions have increased exposure to digital assets in the last 12 months, including a 60 percent rise in client demand for tokenized securities.
«As institutions increasingly recognize the comprehensive benefits offered by digital assets, the emphasis on risk management and a robust underlying infrastructure […] becomes paramount,» said Yoshitaka Kitao, CEO of SBI Holdings.
Product Pipeline
Established in Singapore in 2021, AsiaNext is an institution-only global digital asset exchange. It obtained regulatory approval from the Monetary Authority of Singapore in September 2023 to be a recognized market operator. The firm has plans for a broad product pipeline of digital securities, tokenized real-world assets, sustainability-focused listings and more.
