Yesterday, blockchain capital markets platform
iSTOX announced a $5 million investment from South Korea’s Hanwha Asset Management. Currently operating in the Monetary Authority of Singapore (MAS) FinTech Regulatory Sandbox, iSTOX is expected to go live in the coming months.
Developed and operated by ICHX Tech, Singapore-based ISTOX is building a platform for the issuance, custody and trading of digitized securities. The firm is backed by the Singapore Exchange (SGX) and state-owned Temasek’s investment arm Heliconia Capital. Back in November 2019, the company’s secondary market went live, and it completed its first issuance of a blockchain-based security.
Soon after, the Singapore unit of Japan-based
Tokai Tokyo Financial Holdings invested $5 million in the company. Last year, the firm’s Series A round also included Thai investment bank
Kiatnakin Phatra Financial Group. With the investment from Hanwha, the company now has shareholders in Singapore, Thailand, Japan and South Korea.
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