The partnership aims to provide a secure, reliable data environment as well as real-time insights to enhance customer experience.

The issuing of private securities has been an archaic and fragmented process even up until today. To keep up with the ever-changing technological and economic landscape, capital-markets platform iSTOX has needed to store their data in a highly-reliable and secure cloud data platform.

That platform also has to offer maximum security and performance, and full compliance with System and Organization Controls (SOC) 1 and 2 type 2 standards. After a rigorous security assessment process, it has announced the deployment of cloud data solutions from Snowflake and its implementation across their data warehouse, data lake and data engineering workloads.

Under the new partnership, iSTOX will utilize Snowflake’s Cloud Data Platform to provide a secure and reliable data environment as well as real-time insights to enhance each customer’s experience.

Said Darius Liu, Co-Founder and Chief Operating Officer, iSTOX: “Through distributed ledger technology (DLT), iSTOX’s vision is for investors to have greater accessibility to investment opportunities which are otherwise out of reach. Partnering with Snowflake enhances our platform capabilities and supports our push to increase access to private market issuance and trading by accredited investors.”

iSTOX, a pioneer in the fintech industry across Southeast Asia, is the first regulated private capital markets platform in any major financial center to support the one-stop issuance, custody and secondary trading of digitized securities. The next-gen capital markets platform is licensed and regulated by the Monetary Authority of Singapore, and its key investors include Singapore Exchange (SGX); Heliconia (a subsidiary of Singapore’s Temasek Holdings); Japan’s Tokai Tokyo Financial Holdings (via subsidiary Tokai Tokyo Global Investments); Thailand’s Kiatnakin Phatra Financial Group; and South Korea’s Hanwha Asset Management.

Added Christian Fischer, Head of Technology, iSTOX: “Keeping our customer data secure is of utmost importance. Snowflake has shown that from a single platform, they can provide us with security, reliability, and governed scalability. The Snowflake Cloud Data Platform allows us to scale out our data warehouse and computing capacity with maximum security and performance, catering to our business growth”.

Said Geoff Soon, Snowflake’s Managing Director for South Asia: “The fintech market, where data security and regulations are paramount, is an exciting space to work in. We are delighted to be supporting iSTOX in providing a safe, secure and reliable platform to help redefine the capital markets industry in this region.”