Connect with us

Digital Securities

UBS Managing Director Oi Yee Choo Becomes iSTOX CCO

mm

Updated

 on

iSTOX adds Oi Yee Choo as CCO

This week, the Singapore-based digital securities exchange iSTOX announced the appointment of Oi Yee Choo as the firm’s new Chief Commercial Officer (CCO). The maneuver follows the larger trend of tokenization platforms hiring from traditional financial institutions over the last year. Additionally, iSTOX gains significant stature with the decision as Choo garnishes much respect in the Singapore market.

Oi Yee Choo

Notably, Oi Yee Choo has over 20 years of experience in the region. Her accolades most recently include a stent as the Managing Director of UBS. Here, the talented Choo was responsible for the firm’s Singapore investment strategy.

MAS

It’s precisely this experience that makes Choo the perfect fit for the iSTOX platform. Importantly, the firm recently became a part of the Monetary Authority of Singapore‘s (MAS) Fintech Regulatory Sandbox. The MAS sandbox allows Fintech Companies to test innovative financial products and concepts in a safe and more efficient manner.

Oi Yee Choo

Discussing the decision to join iSTOX, Choo explained the inevitability of a shift in the financial markets. She took a moment to speak on the pro-blockchain stance of Singapore, and why iSTOX’s positioning in the space makes them uniquely prepared for the upcoming digital revolution.

Oi Yee Choo – A Deep Understanding of the Market

Additionally, iSTOX Co-Founder, Darius Liu shed some light on the firm’s next moves after the appointment. He explained that the company needed someone with the reputation and experience of Choo. iSTOX needed an individual with a deep understanding of the nuances of the Singapore securities market.

Oi Yee Choo - CCO iSTOX

Oi Yee Choo – CCO iSTOX

Also, the company wanted someone with relationships across Singapore’s financial networks. Choo provided all of these features. Liu went on to say that Choo possessed all of these traits, plus she has a deep institutional understanding of the challenges faced by issuers and investors.

iSTOX

The iSTOX digital exchange utilizes cutting edge technology, such as blockchain, to streamline the issuance, trading, and management of digital securities. The company is at the forefront of the tokenization sector in the region.

Series A Funding

As previously reported, iSTOX completed Series A funding earlier in the month. Importantly, company officials decided it was a smart strategy to not disclose the amounts of funds invested publicly. However, the company did acknowledge that the Kiatnakin Phatra Financial Group (KKP) was the only investor needed to meet the company’s crowdfunding goals.

iSTOX – First Regulated Exchange for Digital Securities in Asia

iSTOX seeks to be the first regulated digital securities exchange in Asia. As such, the firm would hold tremendous power in future market developments in the region. As part of this strategy, iSTOX developers want to create an all-inclusive blockchain ecosystem.

iSTOX – Moving Forward

iSTOX continues to make headlines for its pro-regulatory stance in the market. The firm is set to be a major player in the Singapore securities sector moving forward. There is no doubt that Choo’s two decades of experience and network will play a critical role in the company’s future.

David Hamilton is a full-time journalist and a long-time bitcoinist. He specializes in writing articles on the blockchain. His articles have been published in multiple bitcoin publications including Bitcoinlightning.com

Newsletter Subscription

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.