iSTOX, a Singapore-based next-generation capital markets platform, secured USD 5m in funding.
Korea’s Hanwha Asset Management made the investment, joining Thailand’s Kiatnakin Phatra Financial Group and Japan’s Tokai Tokyo Financial Holdings. Other key shareholders of iSTOX include Singapore Exchange (SGX), Asia’s leading international multi-asset exchange and Heliconia, a subsidiary of Temasek Holdings focused on investing in fast growing companies.
Led by Danny Toe, Founder and CEO of ICHX Tech, iSTOX is a regulated capital markets platform that . in any major financial centre – supports the one-stop issuance, custody and trading of digitized securities. It allows investors and issuers to connect and transact directly. Now enrolled in the Monetary Authority of Singapore (MAS) FinTech Regulatory Sandbox, iSTOX expects to graduate from that program in the first quarter of 2020.