Digital securities platform iSTOX announced this week that it closed a Series A funding round, garnering a total of $50 million.
Two major Japanese investors participated in the round: Japan Investment Corporation Venture Growth Investments (JIC-VGI) and Development Bank of Japan (DBJ). Juroku Bank and Mobile Internet Capital were new investors in this round, whereas existing investors Singapore Exchange (SGX), Tokai Tokyo Financial Holdings, and Hanwha Asset Management added recent funds.
“The support of government-backed investors JIC-VGI and DBJ as well as other new investors in this round signals a rising confidence in the iSTOX digital securities platform and our business model,” said Oi Yee Choo, Chief Commercial Officer of iSTOX, in the public statement. “Existing shareholders SGX, Tokai Tokyo and Hanwha have also added to their holdings, which shows that investors who have engaged with iSTOX for some time continue to have strong conviction in our mission and our potential.”
In all, the Singapore-based international digital securities iSTOX received funding from investors in Japan, Korea, and Thailand.