Singapore-Based IStox Emerges From Regulatory Sandbox
Law360 (February 3, 2020, 5:50 PM EST) -- The capital markets platform iStox has emerged from the Singaporean government's regulatory sandbox and is now the first distributed ledger technology-based market platform to be licensed by a major regulator.
IStox joined the Monetary Authority of Singapore's fintech regulatory sandbox in May with the goal of becoming the world's "first fully regulated capital markets platform to offer issuance and trading of digitized securities."
ICHX Tech, the company behind the platform, said on Monday that it has indeed graduated from the sandbox and received approval from the monetary authority as a recognized market operator and a capital markets services licensee.
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