The Singapore-based trading platform and digital securities issuer, iSTOX, has reportedly hired a Lim Mei Shern as its new compliance chief.

According to Crowd Fund Insider, having a 15-year veteran of the Monetary Authority of Singapore (MAS) serving as the new Head of Compliance at iSTOX will bolster its credibility in a country supportive of fintech firms.

Former MAS Member Voices Confidence in iSTOX

Lim Mei Shern served within the Monetary Authority of Singapore for the past 15 years, during which time she directly handled capital markets and the emerging fintech sector. Her employment by iSTOX follows the company’s acceptance in May this year into Singapore’s Fintech Regulatory Sandbox, a program managed by the MAS.

Following the announcement of her hiring, Lim voiced confidence in iSTOX and the belief that it will push forward capital markets. She explained that “through the use of new technology, iSTOX will democratize investing and improve liquidity in the private markets,” facilitating investors to enter private markets at reduced costs.

Digital Securities Issuer Aiming Big

iSTOX claims to be the first of its kind to utilize blockchain and smart contracts to offer issuance, settlement, custody, and trading of digitized securities.

With its sights set on leading the digitized securities segment, iSTOX is looking to leverage Lim’s extensive knowledge in compliance to bolster the support it is already receiving from Singapore’s government. 

Co-founder and Chief Strategy Officer, Darius Liu, said Lim’s “technical expertise and experience as a former regulator will strengthen our team and help build iSTOX’s position as a trusted, transparent, and regulated capital markets platform.”

Source: www.crowdfundinsider.com

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