Capital markets blockchain system iSTOX has reportedly received the regulatory greenlight from Singaporean authorities, to function as a market operator and capital markets services licensee.

Reported on February 3rd, the platform – designed by blockchain infrastructure company ICHX Tech – is set to officially offer its businesses, with all required licenses granted by the Monetary Authority of Singapore (MAS). 

MAS – also handles financial regulation-related matters in Singapore – has released its FinTech Regulatory Sandbox, in an effort to support projects in the region in the process of designing financial products and services, via providing an environment that comes with security, efficiency and low pressure in regulation.

ICHX Tech’s iSTOX will offer support features, regarding the issuance, settlement, custody and secondary trading for digitized securities – showing signs of the arrival of a fresh, fully-regulated blockchain scene, in a key financial sector of the world. 

With its departure from MAS’ sandbox, all restrictions previously placed on iSTOX will be cancelled, including the one about the issuances size can be supported, along with how many investors can be drawn in.