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
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Modern Treasury Launches Integrated PSP for Fiat and Stablecoins

New platform streamlines payments for digital and traditional currencies.Highlights: Modern Treasury introduces a new integrated payment service provider.The...

Activist Investor Builds Stake in Fiserv, Strengthening Influence

The investment firm aims to increase its influence over the fintech giant.Highlights: Activist investor increases its stake in...

Bridge, Owned by Stripe, Strengthens Approval for National Trust Bank

Stripe’s Bridge secures national approval to operate as a trust bank.Highlights: Bridge secures national approval to function as...

ECB Strengthens Framework Ahead of Planned Digital Euro Pilots

European Central Bank prepares for digital euro testing phase.Highlights: ECB announces enhancements to its regulatory framework.Planned pilots for...