CoinVoice has recently learned that, according to Ledger Insights, the joint venture between SBI and SIX, AsiaNext, has launched its first security this month, which is a U.S. dollar money market fund (MMF), and has introduced 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 capital markets license in Singapore and a recognized market operator (RMO) license, allowing it to operate an exchange. The locally issued USD MMF is the first listed security (not a tokenized security). The company is working with asset management companies to list other funds, including Valour, a multinational cryptocurrency ETP issuer managing assets of up to $900 million. AsiaNext also plans to establish a third spot cryptocurrency trading venue and has applied for a major payment institution license. Meanwhile, the company has launched the AsiaNext Operations Layer (AXOL), integrating the operations of three trading venues. [Original link]