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Digital securities trading platform iSTOX raises Series A round

iSTOX and Thailand’s KKP will work together to make capital market trading more open, equitable, and transparent

iSTOX series A

Capital markets platform for issuance and trading of digitized securities, iSTOX, closed a Series A funding round of an undisclosed amount with lead investor Kiatnakin Phatra Financial Group (KKP), a prominent Thai Investment Bank. The deal carried out by Phatra Capital Plc., KKP’s capital markets arm.

Operating under the Monetary Authority of Singapore (MAS)’s FinTech Regulatory Sandbox, iSTOX is established and operated by ICHX Tech. They plan to launch its issuance of digitized securities by Q4 of 2019and begin trading them shortly after. With it’s flexible, affordable, and inclusive attributes; iSTOX offers non-conventional investment options that were previously inaccessible. It uses proprietary blockchain and smart contract technology and eliminates intermediaries, thus allowing for lower costs, greater transparency, more options for users.

Also read: Blockchain platform ICHX Tech grabs funding from Singapore Exchange, Heliconia

Kiatnakin Phatra Financial Group is Thailand’s leading investment bank with a strong corporate finance franchise and institutional & high-net-worth investor coverage. Aphinant Klewpatinond, CEO of Kiatnakin Phatra Financial Group and a newly appointed director of ICHX, said: “The digitization of securities will certainly be critical in re-intermediating the value chain and offering solutions not yet available in conventional capital markets. Through this collaboration, we will be able to offer more bespoke services to our clients from both a fundraising and investment perspective.”

Darius Liu, Co-Founder and Chief Strategy Officer of iSTOX, said: “iSTOX and KKP will also collaborate on market education and outreach initiatives to facilitate a better understanding of the benefits digitized assets can bring.” To further strengthen the digitized security ecosystem and offer ecosystem support, iSTOX has also forged new partnerships with global law firm Allen & Overy, leading audit firms PwC and Deloitte, and well-established corporate finance advisors SAC Capital and RHT Capital. iSTOX is also backed by Singapore Exchange (SGX) and Heliconia Capital Management.

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