Odaily Planet Daily News SBI and SIX's joint venture AsiaNext listed its first security this month, a US Dollar Money Market Fund (MMF), and launched a digital Collateral solution.
AsiaNext launched cryptocurrency derivatives for the first time 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 market license and a Recognized Market Operator (RMO) license, which allows it to operate an exchange. The locally issued USD MMF is the first listed security (not tokenized). The company is working with asset management companies to list other funds, including Valour, a multinational cryptocurrency ETP issuer with $900 million in assets under management. AsiaNext
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Odaily Planet Daily News SBI and SIX's joint venture AsiaNext listed its first security this month, a US Dollar Money Market Fund (MMF), and launched a digital Collateral solution.
AsiaNext launched cryptocurrency derivatives for the first time 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 market license and a Recognized Market Operator (RMO) license, which allows it to operate an exchange. The locally issued USD MMF is the first listed security (not tokenized). The company is working with asset management companies to list other funds, including Valour, a multinational cryptocurrency ETP issuer with $900 million in assets under management.
AsiaNext