This week KLDX, a Malaysian digital assets platform, announced a partnership with Singapore’s AsiaNext. They plan to collaborate on cross border digital asset listings, liquidity sharing and joint product development. AsiaNext is a joint venture between Swiss stock exchange SIX and SBI Digital Asset Holdings.
The first offering of institution-focused AsiaNext is cryptocurrency derivatives, and it has applied for approval to run a spot crypto exchange. It has multiple Singapore licenses and has always planned to list digital securities. Meanwhile, KLDX focuses on private equity and debt in pre-IPO companies.
“Investors and issuers have ever-evolving needs and our collaboration will foster the co-development of innovative financial products tailored to them,” said Kok Kee Chong, Chief Executive Officer, AsiaNext. “By working together, we can leverage our combined strengths to offer a wider range of digital assets, improve liquidity, and drive innovation in the digital finance space.”
In March KDLX, regulated by the Malaysia Securities Commission, unveiled its first listing, an Islamic tokenized investment note for Integra Healthcare Technology.
“Our commitment is to provide a more liquid, transparent, and accessible market for digital assets, empowering businesses to raise capital efficiently while offering investors a broader range of high-quality investment products” said Selvarany Rasiah, CEO, KLDX.
Meanwhile, last week AsiaNext’s sister firm SBI Digital Markets inked a deal with European exchange 21X, for the listing of digital securities. 21X is expected to be the first EU regulated exchange and settlement venue under the DLT Pilot Regime.
