The ful­ly-reg­u­lat­ed Sin­ga­pore-based cap­i­tal mar­kets plat­form for issuance and trad­ing of dig­i­tal secu­ri­ties, iSTOX, has received an undis­closed series A invest­ment by one of the largest Thai invest­ment banks, Kiat­nakin Pha­tra Finan­cial Group (KKP). The deal was car­ried out by Pha­tra Cap­i­tal Plc., a sub­sidiary of KPP. iSTOX and KKP are aim­ing to improve the infra­struc­ture of invest­ing in dig­i­tal secu­ri­ties in Asia.

The start­up was admit­ted into the Mon­e­tary Author­i­ty of Sin­ga­pore (MAS)’s Fin­Tech Reg­u­la­to­ry Sand­box ear­li­er in May this year and aims to be ful­ly oper­a­ble in 2020. With­in the Sand­box, iSTOX is onboard­ing the first batch of issuers and investors that will be par­tic­i­pat­ing in issuance and trad­ing of secu­ri­ties. The Sand­box allows iSTOX to exper­i­ment with com­pelling finan­cial prod­ucts and services.

Some of iSTOX’s objec­tives are to make Secu­ri­ty Token Offer­ing trad­ings in Asia more acces­si­ble, trans­par­ent and equi­table. Besides these objec­tives, KKP and iSTOX will “col­lab­o­rate on mar­ket edu­ca­tion and out­reach ini­tia­tives to facil­i­tate a bet­ter under­stand­ing of the ben­e­fits dig­i­tized assets can bring” states Dar­ius Liu, Co-Founder and Chief Strat­e­gy Offi­cer of iSTOX.

BMCP is thrilled to see the devel­op­ments that are hap­pen­ing in Sin­ga­pore, with BMCP Asia com­ing soon we are very excit­ed to devel­op the mar­ket together!