SINGAPORE (Nikkei Markets) -- A startup backed by the Singapore Exchange has received the green light to operate a trading platform for digitized securities, a move that could open the world of private equity and hedge funds to a much bigger group of individual investors.
Singapore-based ICHX Tech said it is now a capital markets operator recognized by the Monetary Authority of Singapore. According to the company, iSTOX, which uses distributed ledger technology to connect buyers and sellers, is the world's first central-bank approved trading platform for digitized securities.
