Post by account_disabled on Jan 1, 2024 6:29:40 GMT 1
Kiatnakin Phatra Financial Business Group-KKP" by Phatra Capital Public Company Limited pioneers a new dimension of capital market services. By investing in ICHX Tech Pte. Ltd. (ICHX), a Singaporean financial technology company that owns iSTOX (https://www.istox.com), a fully integrated capital market service platform for digital securities. It is also the only such platform that is regulated by the government in a financial center country. By the business group has become the main investor through Series A fundraising round and is a shareholder of ICHX Company together with existing shareholders including Singapore Exchange (SGX) and Heliconia Capital Management Pte. Ltd., a subsidiary of the Temase Group of Companies.
In this regard, Mr. Apinan Kleopatinont The Group C Level Executive List Chief Executive Officer has also been appointed as a director of ICHX to drive the development of the platform to be part of a transparent capital market. and more open as well Mr. Apinant Kliapatinont Chief Executive Officer, Kiatnakin Phatra Financial Group (Mr. Aphinant Klewpatinond, Chief Executive Officer, Kiatnakin Phatra Financial Group) revealed, “The ability to issue and trade digital securities on iSTOX will help raise the level of financial services in the capital market. To be more efficient than before Because this platform allows for forms of fundraising and investment that the current capital market is not yet able to do.
It also lowers related costs by using technology to restructure the participation of market participants or financial intermediaries. (Re-intermediation) Therefore, it is considered an opportunity for both issuers of securities who want to raise funds. as well as investors looking for securities that may not be available in other markets. This is especially true for assets in Private Markets, which typically have high transaction costs for buyers and sellers. Moreover, iSTOX is based in Singapore. which has a progressive legal and regulatory structure And having strong main shareholders in both knowledge and reliability like SGX and Heliconia will be a great supporting factor in pioneering a new dimension of capital market services.
In this regard, Mr. Apinan Kleopatinont The Group C Level Executive List Chief Executive Officer has also been appointed as a director of ICHX to drive the development of the platform to be part of a transparent capital market. and more open as well Mr. Apinant Kliapatinont Chief Executive Officer, Kiatnakin Phatra Financial Group (Mr. Aphinant Klewpatinond, Chief Executive Officer, Kiatnakin Phatra Financial Group) revealed, “The ability to issue and trade digital securities on iSTOX will help raise the level of financial services in the capital market. To be more efficient than before Because this platform allows for forms of fundraising and investment that the current capital market is not yet able to do.
It also lowers related costs by using technology to restructure the participation of market participants or financial intermediaries. (Re-intermediation) Therefore, it is considered an opportunity for both issuers of securities who want to raise funds. as well as investors looking for securities that may not be available in other markets. This is especially true for assets in Private Markets, which typically have high transaction costs for buyers and sellers. Moreover, iSTOX is based in Singapore. which has a progressive legal and regulatory structure And having strong main shareholders in both knowledge and reliability like SGX and Heliconia will be a great supporting factor in pioneering a new dimension of capital market services.