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iSTOX, a security chip platform backed by the Singapore Stock Exchange, has been integrated into a fintech regulatory sandbox set up by the Monetary Authority of Singapore (MAS), the country's central bank.
Operating in the sandbox since the beginning of this month, iSTOX now integrates its first group of issuers and investors to allow the trading of digitized titles on its platform from the fourth quarter of this year, announced the firm in an article published Friday.
The platform aims to become fully operational by early 2020 as a "fully regulated" capital markets platform that helps companies raise funds through symbolic values.
According to the announcement:
"With iSTOX, any issuer, whether established companies, younger companies seeking growth capital, funds or even private badet owners, can use digitized security offerings as a new mechanism to exploit financial markets and receive investment for an idea or project in which they believe.
iSTOX has also set up a legal panel comprising three law firms – Allen & Gledhill LLP, Baker McKenzie Wong & Leow and Rajah & Tann – to advise issuers on the structure and issuing process of these companies. securities.
The platform is operated by blockchain infrastructure company ICHX Tech and has been supported for an undisclosed amount by Singapore Exchange and Heliconia Capital Management, a wholly owned subsidiary of investment firm Temasek Holdings.
Chew Sutat, Executive Vice President of SGX and Head of Equities and Fixed Income, and Chua Kim Leng, former Deputy Managing Director of MAS, are also members of iSTOX's Board of Directors.
Image of Singapore via Shutterstock
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