STO Platform iSTOX Gets Support from Singapore Bourse SGX, State Fund Temasek

Singapore stock exchange SGX and state investment fund Temasek have backed a forthcoming Security Token Offering market, called iSTOX, with an undisclosed amount of money. The new platform also appointed one of SGX’s executive vice presidents, Chew Sutat, and Chua Kim Leng, an ex-assistant managing director at Singapore’s central bank, as board members, ICHX Tech, the iSTOX’s owner explained in a press release on Thursday.

Temasek, which is one of the largest investment funds in Asia, participated in the funding through its Heliconia Capital Management subsidiary. iSTOX will invest the fresh money in the STO main trading venue as well as in the secondary market, …

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