iSTOX, a Singapore-based future-ready capital markets platform, secured a Series A funding round of undisclosed amount.
The round was led by Kiatnakin Phatra Financial Group (KKP), via its capital markets arm Phatra Capital Plc.
iSTOX and KKP will work together to make capital market trading more open, equitable, and transparent.
Led by Danny Toe, Founder and Chief Executive Officer, and and Darius Liu, Co-Founder and Chief Strategy Officer, iSTOX is a regulated capital markets platform supporting one-stop issuance and trading of digitized securities. The company plans to launch its first issuance of digitized securities by Q4 of 2019. Trading of these digitized securities on the platform will begin shortly after.
The company was established and is operated by ICHX Tech Pte. Ltd. (ICHX), which is currently operating under the Monetary Authority of Singapore (MAS)’s FinTech Regulatory Sandbox.