Singapore’s iSTOX to Launch a Regulated Digitized Securities Platform in 2020

Capital markets platform iSTOX has joined Singapore’s regulatory sandbox to launch digitized securities trading in late 2019, the firm announced in a tweet on May 24.Following its addition to the Monetary Authority of Singapore (MAS)’s FinTech Regulatory Sandbox on May 1, the Singapore-based company will start providing service for the trading of digitized securities starting from Q4 2019, according to an iSTOX official press release.The MAS represents both Singapore’s central bank and financial regulator. The authority launched its FinTech Regulatory Sandbox in order to enable local projects to develop new financial products and services in a secure and efficient ecosystem.In late 2018, the MAS expanded its regulatory framework for payment operators to bring selected cryptocurrencies such as bitcoin (BTC) and ethereum (ETH) under its jurisdiction. The bank has submitted a new bill that is expected to replace two existing pieces of its legislation related to payments and remittances.

Leave a comment