Connect with us

Digital Securities

iSTOX Builds Upon Recent Successes with a Further $5M in Funding

mm

Updated

 on

iSTOX Builds Upon Recent Successes with a Further $5M in Funding

Additional Funding

Capital markets platform, iSTOX, has recently announced the successful attainment of $5 million worth of funding.

This particular sum of capital was generated through a new partnership and investment, with Hanwha Asset Management.

Series A

This announcement of further funding comes meres months after the successful completion of the company’s Series A; An event which saw iSTOX draw the attention of various backers which believe in the future of the platform.

Between these two successive instances of funding, iSTOX should be well positioned to continue the development and adoption of their vision; A vision surrounding the potential of digital securities, and their ability to transform capital markets.

iSTOX Exchange Completes Series A Funding

Backers

To date, iSTOX has managed to attract attention from various high profile companies.  The following are a few of these known to have played a role in recent capital generation events surrounding iSTOX.

  • Kiatnakin Phatra Financial Group
  • Heliconia Capital Management
  • Singapore Exchange (SGX)
  • Tokai Tokyo Financial Holdings

This grouping of companies is an impressive one, as they represent some of the most influential and progressive ones found in Asian nations.

Commentary

With regards to the freshly procured $5 million, iSTOX CEO, Danny Toe, took the time to comment.  He stated,

“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…These partnerships will take on an even greater importance in early 2020, when iSTOX transitions into full operational status.”

iSTOX

Founded in 2017, iSTOX not only maintains headquarters, but is regulated within, the nation of Singapore.

CEO, Danny Toe, currently oversees company operations.

Hanwha Asset Management

Founded in 2011, Hanwha Asset Management maintains headquarters in Seoul, South Korea.  Since their launch, Hanwha has managed to establish a diverse set of financial offerings, bringing them alongside leaders in the sector.

CEO, Yong Hyun Kim, currently oversees company operations.

In Other News

A successful Series A is an important first step for any company.  Not only does this allow for the continued development of a company’s product/service, it indicates that others believe in their vision, as well – at least enough to invest their hard earned money.

Securrency Pulls in $17.75M during Successful Series A

The Future is Bright for Bison Trails as Series A Nets $25.5M

Upvest Secures €7 Million Series A

Spread the love

Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice.

Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies.

This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.