Today, blockchain capital markets platform
iSTOX said it received $5 million in funding from the Singapore unit of Japan-based Tokai Tokyo Financial Holdings. Developed and managed by blockchain firm ICHX Tech, the platform aims to provide one-stop issuance, custody and trading of digitized securities.
This is the second such investment iSTOX has received in the past few months, with a Series A funding round led by Thai investment bank
Kiatnakin Phatra Financial Group.
The investment from Japan’s Tokai comes close after iSTOX completed its first issuance and secondary market listing on its platform. Currently, the company is operating under the Monetary Authority of Singapore (MAS)’s FinTech Regulatory Sandbox. The platform aims to go live in the first quarter of 2020.
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