Blockchain capital markets platform iSTOX enters MAS fintech sandbox; sets up legal panel

📆 5/24/2019 6:34 AM
📰 BusinessTimes

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Blockchain capital markets platform iSTOX enters MAS_sg fintech sandbox; sets up legal panel

CAPITAL markets platform iSTOX, designed by blockchain-based infrastructure company ICHX Tech, has been admitted into the Monetary Authority of Singapore ’s FinTech Regulatory Sandbox.

The MAS sandbox allows financial institutions and fintech startups to experiment with promising financial products or services in a supportive environment. It also includes safeguards to contain the consequences of failure and maintain the overall soundness of the financial system. After it onboards the first batch of issuers and investors, ICHX Tech expects the first issuance of digitised securities within the sandbox environment to take place by the fourth quarter this year. Trading of these digitised securities will start shortly after.

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