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Banking & Finance News Stories

iSTOX raises US$5 Million form Hanwha Asset Management

The capital markets iSTOX secured a total of US$5 million from one of South Korea’s top asset management, Hanwha Asset Management.

iSTOX is a future-ready capital markets platform established and operated by ICHX Tech Pte. Ltd. It is set to usher in a new era for capital fundraising through the use of Security Token Offerings (STOs). Their platform provides investors access to investment opportunities that are otherwise out of reach.

The Singapore-based capital markets reported a raise of funds from Hanwha Asset Management – one of South Korea’s top three asset management, totaling to over US$5 million.

Yong Hyun Kim, CEO of Hanwha Asset Management and Danny Toe, Founder and CEO of ICHX Tech Pte. Ltd featured image
Yong Hyun Kim, CEO of Hanwha Asset Management and Danny Toe, Founder and CEO of ICHX Tech Pte. Ltd (Photo Credits: istox.com)

“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, “said Danny Toe, Founder and CEO of ICHX Tech.

According to iSTOX, the investment was similar to a partnership like the deal with Thailand’s Kiatnakin Phatra Financial Group and Japan’s Tokai Tokyo Financial Holdings.

iSTOX claims to be the first regulated platform in a major financial center to offer issuance, settlement, custody, and secondary trading of digitize securities.

About ICHX Tech Pte. Ltd

ICHX Tech Pte. Ltd is a Private Company Limited by Shares, incorporated on 7 November 2017 in Singapore. The business’s current operating status is live and has been operating for 2 years. The Business’s principal activity is other financial service activities, except insurance and pension funding activities.

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