The licence allows AsiaNext to operate an organised market for securities and collective investment schemes. The firm previously obtained an in-principle approval for the Capital Markets Services (CMS) licence on June 14.
“Since our inception, the team has worked tirelessly to construct an institutional-grade exchange based on stringent compliance and risk management standards that govern our entire organisation as well as the multi-asset classes that will be traded on our venue,” says AsiaNext CEO Chong Kok Kee.
AsiaNext was launched in 2021 as a joint venture between Japan-based SBI Digital Asset Holdings (SBI DAH) and Zurich-based SIX Group. SBI DAH CEO Fernando Luis Vázquez Cao shares that Singapore is selected as the headquarters for AsiaNext due to its favourable regulatory environment for fintech firms.
