NOTE: In May of 2021, iSTOX rebranded itself to ADDX.
In the face of extremely challenging market conditions, iSTOX hosted a successful fund offering by Eternal Glade Investments, which raised over S$10 million. The investment, a discretionary fund, is now trading on the iSTOX Exchange.
About This Investment: Eternal Glade is managed by Edison Chen, a top ranked analyst with accolades from StarMine and Asiamoney.
· Geographical Focus: Asia (excluding Japan) with a primary focus on Singapore and Hong Kong
· Industries: All
· Lockup: None. Investors are free to buy or sell their security tokens on the iSTOX Exchange*
iSTOX CCO Choo Oi Yee On This Offering:
“We knew going in that hosting any kind of offering now would be a challenge. Few people like parting with money in such volatile markets. Safe distancing and other COVID-19 measures make it even more difficult to do business as usual. Knowing this, we made every effort to meet our user’s needs by bringing the entire process online, allowing users to register, understand the investment, interact with Edison and invest without ever having to leave their homes or offices. We’re very proud that our users responded to this and take their trust in us very seriously.”
Eternal Glade Fund Manager Edison Chen On iSTOX:
“We are honoured to be the first hedge fund to list on iSTOX, Singapore’s first integrated issuance, custody and trading platform for digital securities. iSTOX provided us with tremendous support. Most remarkably, the iSTOX team has allowed us to reach our fund raising target despite the unprecedented crisis. The fact that all our investors can now easily trade their investments on iSTOX’s secondary market makes iSTOX the perfect partner for a closed-end fund like Eternal Glade.”
Note: You will need to qualify as an ADDX user in order to participate in secondary trading on the platform.