AsiaNext launches cross-exchange collateralisation solution 06 December 2024Singapore Reporter: Daniel Tison
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AsiaNext has launched a cross-exchange collateralisation and margining platform — the AsiaNext orchestration layer (AXOL).
Through this solution, combined with the recent inaugural listing of a US dollar-denominated money market fund (MMF), AsiaNext aims to revolutionise the experience for its trading members by integrating its three trading venues and offering capital efficiency.
According to the firm, AXOL offers an efficient and user-friendly trading experience by streamlining cash and collateral management workflows and automating processes for members.
Neil Thomas, chief commercial officer at AsiaNext, believes that the launch of AXOL is a bold step into the future of institutional crypto trading.
He says: “By combining the power of blockchain technology with tried and tested finance principles, we are giving our members the edge they need to thrive in an increasingly complex trading environment.”
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