AsiaNext partners with leading market makers and prime brokers to start trading crypto derivatives

AsiaNext, an institution-only global digital asset trading venue, has successfully launched crypto derivatives trading — a crucial development for institutional investors seeking a safe and secure venue to trade digital assets. Headquartered in Singapore, AsiaNext is a joint venture between SBI Digital Asset Holdings (SBI DAH) and SIX.

AsiaNext will become part of the upcoming fully integrated digital asset ecosystem, a-one-of-a-kind within the digital asset industry, that provides an institutional-grade, end-to-end digital assets value chain to professional investors. Trading members, including renowned market maker B2C2 and a leading prime broker, benefit from reduced counterparty and settlement risk and can enjoy capital efficiencies through the venue’s innovative risk management process and capabilities to support frequent intra-day margining and settlement runs.

Pioneering a unique connectivity solution, AsiaNext also supports low latency and high frequency trading available 24/7 (for crypto derivatives), as part of a suite of connectivity options for its members. This adds flexibility and comfort for professional traders at institutions. Its matching engine is also built and customised to the demands of an institutional-grade venue.

AsiaNext, who received their Capital Markets Services and Regulated Market Operator licences from the Monetary Authority of Singapore in 2023, will provide a broad product pipeline including digital securities, tokenised real-world assets and sustainability-focused listings. The launch follows a joint survey carried out by SBI DAH and AsiaNext revealing that most institutions have increased their exposure to digital assets in the last 12 months. Despite the ‘crypto winter’, 60% report an increase in client demand for tokenised securities.

“The main motivation was to create a fair, orderly and transparent venue through which institutions can transact with confidence; that helps them realise the benefits of digital assets and crypto, while helping to minimise the downside risk,” said Chong Kok Kee, Chief Executive Officer of AsiaNext. “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.”

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