Kuala Lumpur, Malaysia, 2 October 2024 – KLDX, a cutting-edge regulated digital assets platform in Malaysia for private markets and AsiaNext, a global digital asset exchange for institutional investors, today announced a strategic Memorandum of Understanding (MOU) to collaborate on cross-border digital asset listings, liquidity sharing, and joint product development. This MOU lays the foundation for a long-term partnership focused on creating a seamless and integrated digital asset ecosystem in the ASEAN region.
This landmark partnership, witnessed by Shivakumar Nair, Deputy High Commissioner of Singapore, establishes a framework for collaboration that is set to drive a seamless and integrated digital asset ecosystem in the region. The initiative will enable the cross-listing of digital assets, enhancing liquidity and creating new opportunities for both investors and issuers in Malaysia, Singapore, and beyond. Leaders of the financial industry were also present at the MOU signing ceremony.
This MOU marks a significant milestone in Asia’s digital finance landscape. By leveraging cross-border liquidity, KLDX and AsiaNext will not only facilitate deeper market access but also open doors for innovation in product offerings and investment opportunities.
“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, Chief Executive Officer, KLDX.
“Investors and issuers have ever-evolving needs and our collaboration will foster the co-development of innovative financial products tailored to them. 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,” said Kok Kee Chong, Chief Executive Officer, AsiaNext.
This partnership aims to enhance the capabilities and market presence of both platforms, giving access to a broader investor base and attract more issuers looking to raise capital in multiple regions. Both KLDX and AsiaNext are committed to operating within their respective regulatory frameworks. This collaboration ensures adherence to all relevant laws and regulations, prioritising transparency and security.
