The Rise of AsiaNext: Transforming Digital Asset Trading For Institutions

22 March, 2024

Established in 2021, AsiaNext positions itself as an innovator straddling mainstream finance and crypto, catering exclusively to institutional investors of digital assets seeking a secure and sophisticated trading environment.

A Joint Venture for Innovation

AsiaNext, officially known as Asia Digital Exchange Holdings Ltd, is the brainchild of a strategic collaboration between two financial heavyweights — SIX Group and SBI Holdings . SIX, having already established the regulated digital exchange SIX Digital Exchange (SDX) in Switzerland, is committed to growth and innovation. On the other hand, SBI Holdings, with its significant global investments in FinTech, crypto, and digital assets, was focused on expanding its presence in Asia. Through SBI Digital Asset Holdings (SBI DAH), they envisioned a comprehensive value chain covering primary issuance, secondary market trading, and custody of digital assets.

The genesis of AsiaNext began to take shape in the spring of 2020 through strategic discussions led by key figures Neil Thomas, Chief Commercial Officer of AsiaNext (previously SIX's Head of APAC); Dr. Jochen Duerr, Chief Risk Officer and Executive Board Member at SIX; and Fernando Vázquez, Chief Executive Officer of SBI Digital Asset Holdings (previously SBI's IT Managing Director). David Newns, Head of SDX, is now Chairman of AsiaNext.

Watch the video below to learn about our journey.