Golden Finance reports that AsiaNext, a joint venture between SBI and SIX, this month listed its first security, a U.S. dollar money market fund (MMF), and launched a digital collateral solution. AsiaNext first launched crypto derivatives earlier this year, which do not require a license in Singapore. This is the first of three trading products. The company holds a Singapore Capital Markets License and a Recognized Market Operator (RMO) license, which allows it to operate an exchange. The locally issued USD MMF is the first listed security (not a tokenized security). The firm is working with asset managers to list other funds, including Valour, a multinational cryptocurrency ETP issuer with $900 million in assets under management. AsiaNext also plans to establish a third spot cryptocurrency trading venue and has applied for a major payments institution license. At the same time, the company launched the AsiaNext business process layer (AXOL) that integrates three trading venues.