Digital securities platform iSTOX announced this week that it is closing its Series A funding round, raising a total of $50 million.
Two major Japanese investors participated in the round: Japan Investment Company Venture Growth Investment (JIC-VGI) and Japan Development Bank (DBJ). Juroku Bank and Mobile Internet Capital are new investors in this round, while existing investors Singapore Exchange (SGX), Tokai Tokyo Financial Holdings and Hanwha Asset Management added funds recently.
“The support from government-backed investors JIC-VGI and DBJ and other new investors in this round signals increased confidence in the iSTOX digital securities platform and our business model,”
said Oi Yee Choo, Chief Commercial Officer of iSTOX
In a public statement. “Existing shareholders of SGX, Tokai Tokyo and Hanwha have also increased their holdings, which shows that investors who have been involved with iSTOX for some time continue to have strong belief in our mission and potential.”
Overall, Singapore-based international digital securities iSTOX receives funding from investors in Japan, Korea and Thailand.