iSTOX Secures Funding Of USD 5 Million From Korea#s Hanwha Asset Management

Stocks and Financial Services Press Releases Tuesday January 14, 2020 08:25
SINGAPORE--14 Jan--PRNewswire/InfoQuest
Next-generation capital markets platform iSTOX has secured a USD 5 million investment from Hanwha Asset Management, South Korea's leading comprehensive asset management company.

The Korean financial leader's investment in iSTOX follows similar partnerships with Thailand's Kiatnakin Phatra Financial Group and Japan's Tokai Tokyo Financial Holdings. Other key shareholders of iSTOX include Singapore Exchange (SGX), Asia's leading international multi-asset exchange and Heliconia, a subsidiary of Temasek Holdings focused on investing in fast growing companies.

"As iSTOX continues to grow, our relationships with partners like Hanwha are allowing us to build a powerful foundation to develop iSTOX into a pioneering service that addresses the evolving needs of 21st century investors," said Danny Toe, Founder and CEO of Singapore-based ICHX Tech, which operates the iSTOX platform. "These partnerships will take on an even greater importance in early 2020, when iSTOX transitions into full operational status."

Headquartered in Seoul, Hanwha Asset Management offers a full range of financial investment products in equities, fixed income, alternative investments and multi-asset strategies across Korea, South East Asia, China, U.S. and beyond. It is a subsidiary of Hanwha Life and is the largest shareholder of Hanwha Investment & Securities.

iSTOX is the first regulated capital markets platform in any major financial centre to support the one-stop issuance, custody and trading of digitized securities. Drawing on the power of advanced smart contract and distributed ledger technology to streamline the issuance and trading process, iSTOX seeks to redefine private capital markets by allowing investors and issuers to connect and transact directly. Compared with traditional trading venues, iSTOX is a more flexible, affordable and inclusive alternative, and offers investment options that were previously inaccessible.

Now enrolled in the Monetary Authority of Singapore (MAS) FinTech Regulatory Sandbox, iSTOX expects to graduate from that program in the first quarter of 2020.
Photo - https://photos.prnasia.com/prnh/20200113/2690296-1
Caption - From left to right: Yong Hyun Kim, CEO of Hanwha Asset Management, and Danny Toe, Founder and CEO of ICHX Tech

Latest Press Release

SCB 1OX launches Moonshot Mission focusing on Thailand#s first Venture Builder, aiming to become ASEAN leader in venture builder and digital technology investment

SCB 1OX Company Limited, a subsidiary under Siam Commercial Bank PCL (SCB), announced its readiness to push forward a new growth engine for the development of digital technology capabilities through the "Moonshot Mission", set to underline the...

KTC sets the stage with 11th Season of Debt-Clearing campaign, giving back to members with spending discipline with up to 396 debt amelioration.

Ms. Phichamon Jitpentham, Vice President - Personal Loans, "KTC" or Krungthai Card Public Company Limited, organises a campaign to foster a new spending discipline by organising "11th Season of Debt-Clearing" campaign for "KTC PROUD" Revolving Loan card...

KBank selected for the world-class Bloomberg Gender-Equality Index (GEI) Reflecting respect for diversity and promotion of gender equality in the workplace

KBank has been included in the Bloomberg Gender-Equality Index (GEI) in 2020, for the second consecutive year. KBank is the first and only Thai company to be chosen this year, reflecting KBank's outstanding contribution with regards to diversity,...

New Initiative launched at Davos to Decarbonize Mineral and Industrial Supply Chains

The COMET Method will provide an important first step in decarbonizing industry by giving insight into the CO2 emissions from the production of key materials like steel, copper, and cement. Rocky Mountain Institute, MIT Sustainable Supply Chains, the...

Standard Chartered Bank: Thailands 2020 Growth to Stay Soft, Rate-Cutting Cycle Not Over Yet

- Thailand's potential growth rate of around 4%, which was achieved in 2017-18, is likely to remain elusive for the foreseeable future - Strong THB is out of line with Thailand's weakening fundamentals and raises concerns for the BoT - We have a...

Related Topics