Saturday, January 23, 2021

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iStox: Signs MoU with Chongqing Monetary Authority

  • Singapore-regulated financial technology company iSTOX has taken a major step towards expanding into the China market
  • iSTOX a multi-asset digitised securities investment platform that graduated from the MAS Fintech Regulatory Sandbox in February 2020
  • In the strategic agreement, the Chongqing monetary authority1 pledged to support the setting up of an iSTOX digital securities
  • The MOU signatories also committed to working together to establish a broader Chongqing-Singapore Financial Services Hub
  • The MOU signing part of the Third China-Singapore Financial Summit2 and witnessed by Chongqing Mayor Tang Liangzhi
  • To build the Chongqing-Singapore financial hub, the MOU outlines concrete steps to taken, including a potential tie-up between iSTOX

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