Blockchain capital markets platform iSTOX graduates from MAS fintech sandbox

CAPITAL markets platform iSTOX announced on Monday it has graduated from the Monetary Authority of Singapore’s FinTech Regulatory Sandbox, and is now fully licensed operational.

Graduation from the sandbox means the removal of restrictions for the platform, including limitations on the size of issuances it can host and the number of investors that can be onboarded. Designed by blockchain-based infrastructure firm ICHX Tech, iSTOX uses blockchain and smart contract technology in its platform infrastructure, such that all issuances can be bought and sold using fiat currency more efficiently, it said.

ICHX Tech has been approved by MAS as a recognised market operator and a capital markets services licensee on Feb 1, the company said during a press conference on Monday. iSTOX has opened registration for accredited and institutional investors to access opportunities in the private markets, which are not traditionally available outside a small, closed group of participants. It also plans to bring on more issuances across different asset classes.

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