Funding Acquired by Synthesys for Establishment of Infrastructure to Support Security Tokens Worth $11 Million
In a significant move towards modernizing the financial industry, the Singapore-based startup Synthesys has secured $11 million in combined seed and strategic funding. The funding round, led by veteran blockchain and technology investor Mark Pui, marks a significant step forward in the company's mission to revolutionize capital markets.
Founded in 2023, Synthesys, formerly known as Equitize, has developed a global liquidity network connecting over 40 primary and secondary distribution channels. The network automates compliance across jurisdictions for asset managers globally, addressing critical inefficiencies in traditional financial markets.
Synthesys's technology enables near-instant settlement and reduces operational risk using blockchain technology and smart contracts. This innovation is particularly appealing to financial institutions, as Poh, Synthesys's CEO, notes, "Financial institutions are now recognizing the operational efficiencies of tokenizing securities on the stock market today."
The funding will enable Synthesys to scale the infrastructure needed to continue building towards making the future of capital markets more efficient, transparent, and accessible. The company aims to capitalize on the growing trend of tokenized securities, with global financial giants and regional leaders, including BlackRock, Nasdaq, HSBC, and DBS, increasingly adopting this technology for various asset classes on yahoo finance.
Mark Pui, the lead investor, shares Poh's optimism, believing that blockchain technology will enable a new generation of more efficient financial vehicles. He is confident that Synthesys is "perfectly positioned to transform a $58 trillion stock market."
According to Poh, the recent combination of regulatory clarity and a deeper understanding of blockchain's potential in traditional finance has made the concept of tokenizing securities a present-day reality. With the successful funding round, Synthesys's global liquidity network is expanding across Asia-Pacific and the Middle East, setting the stage for a more efficient and accessible future in financial markets.
