Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Wednesday, September 25 2019 - 19:54
Future-Ready Capital Markets Platform iSTOX Secures Series A Funding Through Leading Thai Investment Bank, Kiatnakin Phatra Financial Group
SINGAPORE, Sept. 25, 2019/PRNewswire-AsiaNet/--

iSTOX is poised to be fully operational in 2020 upon sandbox graduation

iSTOX, the first regulated capital markets platform in any major financial 
center to support one-stop issuance and trading of digitized securities, 
announced today that it has closed its Series-A funding round with lead 
investor Kiatnakin Phatra Financial Group (KKP), a prominent Thai Investment 
Bank and pioneering private wealth business. The deal was struck through Phatra 
Capital Plc., KKP's capital markets arm. iSTOX and KKP will work together to 
make capital market trading more open, equitable, and transparent.

iSTOX is a platform established and operated by ICHX Tech Pte. Ltd.(ICHX) which 
is currently operating under the Monetary Authority of Singapore (MAS)'s 
FinTech Regulatory Sandbox. iSTOX plans to launch its first issuance of 
digitized securities by Q4 of 2019. Trading of these digitized securities on 
the iSTOX platform will begin shortly after. 

"We are delighted to welcome Kiatnakin Phatra as a key partner as we continue 
to grow. This investment -- and KKP's stellar track record in investment 
banking -- is a huge step forward in our mission to grow iSTOX into a fully 
regulated capital markets platform for the 21st century. We could not have 
asked for better partners and we look forward to collaborating with KKP to 
bring new opportunities to capital market participants," said Danny Toe, 
Founder and Chief Executive Officer of ICHX. 

Kiatnakin Phatra Financial Group, through Phatra Capital Plc., is Thailand's 
leading investment bank with strong corporate finance franchise and extensive 
institutional & high-net-worth investor coverage.

Aphinant Klewpatinond, CEO of Kiatnakin Phatra Financial Group and a newly 
appointed director of ICHX, said, "iSTOX is a promising platform grounded in a 
forward-looking regulatory framework and backed by supportive stakeholders like 
SGX and Heliconia, so investing in iSTOX will strategically underpin KKP's 
position as pioneers in the next-era capital market ecosystem. The digitization 
of securities will certainly be critical in reintermediating 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."

"iSTOX looks forward to working closely with KKP in our mission to better meet 
the needs of today's capital market trader. iSTOX and KKP will also collaborate 
on market education and outreach initiatives to facilitate a better 
understanding of the benefits digitized assets can bring," said Darius Liu, 
Co-Founder and Chief Strategy Officer of iSTOX.

What Makes iSTOX Different?

Compared with traditional trading venues, iSTOX is a more flexible, affordable, 
and inclusive alternative, and offers non-conventional investment options that 
were previously inaccessible. By eliminating  intermediaries, iSTOX seeks to 
redefine what capital markets should be. Drawing on proprietary blockchain and 
smart contract technology, iSTOX features lower costs, greater transparency and 
more options for users.

iSTOX's open, accountable, and transparent business model makes sure that 
opportunity is not just limited to people with influential social networks or 
connections. As such, iSTOX will help to extend the boundaries of current 
capital markets and reach out to new segments not yet serviced by existing 
mechanisms, particularly private markets. 

To 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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