AsiaNext, an institution-only digital asset exchange, announced the launch of their cross-exchange collateralization and margining platform, the AsiaNext orchestration layer (AXOL). This solution, combined with the recent inaugural listing of a USD-denominated money market fund (MMF), integrates three trading venues and offers capital efficiency for trading members.
AsiaNext operates across three key venues: crypto derivatives; securities, including MMFs, and crypto spot.
Key features:
- Capital efficiency: AXOL enables members to optimize capital utilization by pledging various eligible collateral types for their derivatives position, with the potential to reduce cost per trade, leverage assets more efficiently and choose to earn yield on their pledged assets.
- Portfolio management: AXOL enables advanced portfolio management to track, analyze, and support the optimization of their complex trading strategies across all three AsiaNext venues.
The inaugural listing of the MMF meanwhile allows members to invest their idle cash in the MMF as part of their overall investment strategy.
“Our launch of the AsiaNext Orchestration Layer is a bold step into the future of institutional crypto trading,” said Neil Thomas, chief commercial officer at AsiaNext, in a statement. “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.”