AsiaNext and STT pioneer cutting edge solutions to trade crypto derivatives

May, 2024 – AsiaNext, a premier institution-only digital asset trading venue has successfully launched its clearing and trading platform by integrating STT's Global Clearing Management System (GCMS) and Avvento Trader System. The systems went live early this year and underscores the progress of institutional investing in digital assets by seamlessly bridging the robustness of traditional finance and the innovation of crypto trading, enhancing operational efficiency and technological expertise.

A noteworthy departure from conventional exchanges, AsiaNext operates 24x7 with automated hourly settlement runs which significantly reduces risk for settlement of trading and enables lower initial margins for trading - responding dynamically to the demands of today’s global markets.

About GCMS and Avvento Trader

STT's Global Clearing Management System (GCMS) stands as a testament to our commitment to delivering cutting-edge solutions. This clearing and back-office solution boasts advanced features including clearing, accounting, and reporting functionalities. In synergy with Avvento Trader, designed specifically for clearing members and broking houses, these systems form a flexible, modern, robust, and reliable cross-asset clearing and trading solution.

About AsiaNext

AsiaNext is an institution-only, global exchange for digital assets. A first-of-its-kind, it is a world-class platform for tokenising and trading a diverse range of securities and non-bankable assets. AsiaNext offers listing, trading, clearing, settlement and custody. AsiaNext represents the best of both worlds –de-risking crypto native investors while providing more access and innovation for traditional finance investors.

A joint venture between SBI Digital Asset Holdings Co., Ltd. (SBI DAH) and SIX Group AG (SIX), AsiaNext is built to meet the growing institutional demand for a safe venue to trade digital assets. Where applicable, its business activities will be subject to the strict regulatory oversight of the Monetary Authority of Singapore; it operates under rigorous standards of corporate governance and internal controls across all its activities.

About STT

STT is a trusted, leading provider of financial market software and solutions for businesses worldwide, renowned for its state-of-the-art, flexible, and innovative technology offerings. Its core products cover exchange, trading, surveillance, clearing, depository, risk management and back-office solutions, customised as necessary to meet clients’ unique needs. Backed by unparalleled service and ongoing support, STT’s dedicated and experienced team is committed to developing products that are easy to use and reliable, empowering its clients in driving their businesses forward.