“The main motivation was to create a fair, orderly and transparent forum where institutions can trade with confidence. By putting regulation and strong governance at the forefront, we are providing institutional investors with a safe venue for exposure to digital assets in the region.”
AsiaNext, a global digital asset exchange exclusively for institutional investors and a joint venture between SBI Digital Asset Holdings (SBI DAH) and SIX, has announced the launch of cryptocurrency derivatives trading.
The offering of cryptocurrency derivatives trading is an important development for institutional investors seeking a safe venue to trade digital assets. AsiaNext is part of the industry’s fully integrated digital asset ecosystem, providing an institutional-grade, end-to-end digital asset value chain to professional investors.
AsiaNext received regulatory approval from the Monetary Authority of Singapore in September and will offer a broad product pipeline including digital securities, tokenized real-world assets, and sustainability-focused listed products. .
Joint venture between SBI and SIX
The announcement comes after a joint survey conducted by SBI DAH and AsiaNext revealed that most financial institutions have increased their exposure to digital assets over the past 12 months. Despite the “crypto winter,” 60% report an increase in customer demand for tokenized securities.
Chong Kok Kee, CEO of AsiaNext, said: This will help you recognize the benefits of digital assets and cryptocurrencies, while also helping you minimize downside risks. By putting regulation and strict governance at the forefront, we offer institutional investors a safe venue for exposure to digital assets in the region. ”
Jos Deiselhoff, CEO of SIX, added: “The future of finance lies in bridging the gap between traditional capital markets and the digital ecosystem, with institutional adoption of digital assets emerging as a key pathway.” AsiaNext, an institutional solution, said: We are ready to accelerate this transformation journey. ”
Yoshitaka Kitao, CEO of SBI Holdings, said: “As financial institutions increasingly recognize the holistic benefits that digital assets can bring, they are placing greater emphasis on risk management and a robust underlying infrastructure with facilities like AsiaNext. It has become the most important thing to do.”
AsiaNext supports low latency and HFT 24/7
Trading members, including well-known market makers B2C2 and leading prime brokers, benefit from counterparty and settlement risk mitigation, leveraging the venue’s innovative risk management processes, flexibility, and frequent intraday margin and settlement execution. Enjoy capital efficiencies through supporting capabilities.
AsiaNext, which pioneered unique connectivity solutions powered by Colt, also offers low-latency, high-frequency trading (for crypto derivatives) available 24/7 as part of its suite of connectivity options for its members. We support this. This adds flexibility and comfort for institutional professional traders. Its matching engine is also built and customized to meet the demands of institutional-level venues.
B2C2 and Winter Minutes are involved in AsiaNext
Thomas Restout, CEO of B2C2, said: “Through our engagement with the AsiaNext team in recent months, we have witnessed their focus on close alignment with our needs, as well as their unwavering commitment to governance and risk management. This has given us a high level of commitment to our partnership. As we are at the forefront of digital asset adoption, we are pleased to be able to provide liquidity to venues through our collaboration.”
Evgeny Gaevoy, Founder and CEO of Wintermute, said: “As traditional financial institutions seek alternative exposure to digital assets, partnering with AsiaNext allows us to strengthen our derivatives product offering, and Wintermute “This will position us at the forefront of the growing digital asset ecosystem.”
Paul Bertrand, Head of Global Capital Markets and Managing Director, APAC, JB Drax Honoré said: As a frontrunner in trading concepts and best execution services, JB Drax Honoré is excited to join. ”
Jonathan Caldwell, Director of Distribution at Trovio Group, said: Our integration with AsiaNext gives our team access to a wide range of digital assets in its pipeline, providing secure and transparent access to new investment opportunities. ”