<p>Tokai Tokyo Financial Holdings, a Japanese financial services provider, has taken a 4.8% stake in ICHX Tech, the company that will operate the digital security trading platform, iSTOX market. The Tokyo firm will invest approximately $4.58 million for its minority stake, according to a Nikkei <a href="https://asia.nikkei.com/Business/Markets/Singapore-brings-Japan-into-Asia-s-first-digital-securities-market">report</a>.</p> <p>iSTOX is a regulated platform offering the issuance, settlement, custody, and secondary trading of digital security tokens. In September, the firm <a href="https://medium.com/istox/future-ready-capital-markets-platform-istox-secures-series-a-funding-through-leading-thai-4ac65a428c8f">announced</a> a Series A fundraise from Phatra Financial Group, a Thai investment bank. At that time, iSTOX announced that it planned to launch its first digital security issuance in the fourth quarter of 2019. In May, the firm <a href="https://medium.com/istox/next-generation-capital-markets-platform-istox-admitted-to-mas-fintech-regulatory-sandbox-marking-14c6b569fce0">announced</a> that it was admitted into a fintech regulatory sandbox set up by the Monetary Authority of Singapore (MAS), Singapore's de facto central bank.</p>