Singapore-based capital markets platform Istox has raised an undisclosed amount of investment in a series A round led by Thai investment bank Kiatnakin Phatra Financial Group (KKP).
The deal was done through Phatra Capital, KKP’s capital markets arm, according to a statement.
Istox is a platform established and operated by blockchain-based digital infrastructure company Ichx Tech and is currently operating under the Monetary Authority of Singapore’s (MAS) fintech regulatory sandbox. It claims to be the first regulated capital markets platform in any major financial center to support one-stop issuance and trading of digitized securities.
The startup, which is backed by the Singapore Exchange and Temasek unit Heliconia Capital Management, is planning to launch its first issuance of digitized securities by Q4 of this year, with trading on the platform to come shortly after.