SBI and SIX's joint venture, AsiaNext, this month listed its first securities, a dollar money market fund (MMF), and launched a digital collateral solution.
AsiaNext first launched crypto derivatives earlier this year, which do not require a license in Singapore. This is the first of three trading products.
The company holds a Singapore capital markets license and an approved market operator (RMO) license that allows it to operate the exchange. The locally issued USD MMF is the first listed security (not a tokenized security). The company is working with asset managers to list other funds, including Valour, a multinational cryptocurrency ETP issuer with $900 million in assets under management.
AsiaNext also plans to establish a third spot cryptocurrency exchange and has applied for a major payment institution license. At the same time, the company launched the AsiaNext Business Process Layer (AXOL), which integrates the three exchanges.
SBI and SIX joint venture AsiaNext to list US dollar MMF and launch digital collateral solution
2024-12-22 06:59:33
Sbi six joint venture enterprise asianext this month listing its firstdesk3cryptocurrencydesktopCrypto News
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