The Monetary Authority of Singapore (MAS) approved ICHX Tech Pte, iSTOX’s parent company, as a market operator on February 1, granting it a capital markets services license, Bloomberg reports. The approval sets iSTOX up as one of the first securities token platforms to receive this license, ICXH Tech stated.The license removes several restrictions from the platform, allowing the startup to increase the size of its issuance as well as the number of investors it can take on.iSTOX uses blockchain and smart contract technology to offer issuance, custody and trading of cryptocurrencies to retail and institutional investors. According to the startup’s website, it provides an opportunity for firms and startups to raise capital through equity-linked products, debt markets and other illiquid-backed

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