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.

Photo - https://photos.prnasia.com/prnh/20200113/2690296-1
From left to right: Yong Hyun Kim, CEO of Hanwha Asset Management, and Danny 
Toe, Founder and CEO of ICHX Tech

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.

SOURCE: iSTOX