Colt teams up with crypto exchange AsiaNext


Colt Technology Services (Colt) the digital infrastructure company, today announced a new partnership with AsiaNext. The partnership will see AsiaNext benefit from a suite of Colt's secure, high performance digital infrastructure solutions – including Multicast Market Data in the Cloud and PrizmNet - to facilitate high frequency trading of a variety of digital securities and crypto derivatives trading.

AsiaNext is the first institutional-grade digital exchange to design this unique solution leveraging Colt Multicast Market Data in the Cloud, to connect to its buyers and sellers - and vice versa – bridging the gap between mainstream finance and secure digital assets trading.

The announcement comes as Asia experiences rapid growth in the trading of digital assets alongside significant global investment in the region’s crypto markets as it secures its position at the forefront of global cryptocurrency regulations.

AsiaNext, a trusted digital exchange for institutional investors in Asia and globally, will offer integrated listing, trading and post-trade services for digital assets. The exchange aims to create exciting new opportunities for institutional investors to trade digital assets in a secure environment and grow the overall crypto derivatives market in the region, which could help bring capital efficiencies to institutional investors.

Colt’s flexible, low-latency digital infrastructure solutions designed specifically for capital markets provide the perfect fit for AsiaNext’s strategic plans to innovate and grow the digital asset space: Colt PrizmNet guarantees deterministic low latencies for delivering data, software, content and financial services worldwide, while Colt Multicast Data in the Cloud enables organisations to securely host and distribute raw multicast data via a virtual PoP (Point-of-Presence) directly to external environments in its original format.

Russell Toop, Colt’s Team Lead, Capital Markets Asia said, “It’s an incredibly exciting time for Asia, as regulatory clarity helps it become a global hub for the crypto ecosystem, and we’re very proud to be named one of the first digital infrastructure partners for AsiaNext. Colt has long been a leading connectivity provider for the capital markets ecosystem and thousands of clients around the world trust our network. We continue to monitor the market and make infrastructure investments, providing connectivity solutions to key liquidity hubs which deliver the best possible latencies and performance. Our partnership with AsiaNext demonstrates our firm commitment to capital markets in Asia and across the world, and we’re excited to be part of its journey at the earliest stages as it sets out to bring digital assets to the mainstream.”

Yuen Keng Yin, Chief Technology Officer, AsiaNext said, “We are delighted that through Colt’s breakthrough capital markets solutions, our institutional investors will be able to quickly and easily access the benefits of a modern and trusted trading venue for digital assets. Their solutions support our investors in securing their position in this rapidly-growing market, so they can optimise their digital assets trading strategies and open up exciting new opportunities for their clients.”

AsiaNext is a joint venture between SBI Digital Asset Holdings and SIX. It has received in-principle approval of its Capital Markets Services licence from the Monetary Authority of Singapore and is in the process of obtaining its Recognised Market Operator licence.


By on Thu, 17 Aug 2023 15:18:00 GMT
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