Singapore: iSTOX, a Singapore Exchange (SGX)-backed digital securities platform, announced today it has closed its US$50 million Series A funding round, as two Japanese government-backed investors joined the round.
Oi Yee Choo, Chief Commercial Officer of iSTOX, shared in a statement the new financing will be utilized to bankroll the expansion of iSTOX’s “geographical footprint” and investment offerings. She shared the platform will roll out private issuances by blue-chip issuers for individual investors and expansions in China will continue. The company is also seeking issuance deals involving Europe and Australia.
Founded in 2017, iSTOX is a financial technology company regulated by the Monetary Authority of Singapore (MAS) as a multi-asset platform for the issuance, custody, and secondary trading of digital securities.
iSTOX said it allows multi-asset issuances of fractionalized private market securities, including equity, bonds and funds, making them accessible to a much larger pool of investors. It graduated from the MAS Fintech Regulatory Sandbox in February 2020.