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Institutional digital asset exchange AsiaNext receives RMO licence from MAS

AsiaNext caters exclusively to family offices, asset managers and other institutions.

Digital asset exchange AsiaNext has obtained its recognised market operator (RMO) licence from the Monetary Authority of Singapore on Sept 6.

AsiaNext caters exclusively to institutions. It serves as a venue for banks, family offices, asset managers, broker dealers, prime brokers, hedge funds and market makers seeking to engage in digital assets.

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.

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