According to the report, the sandbox graduation simply means that iSTOX will no longer be subject to some of the restrictions that come with being under the sandbox. Some of these restrictions include how many investors it can accept on the platform, as well as how much it can issue.
The iSTOX platform was created by ICHX Tech, a blockchain infrastructure company. iSTOX was designed to apply blockchain technology using smart contracts, to increase the general efficiency of issuances, even with the use of fiat currency.
Last week, a new act came into effect requiring exchange platforms to apply for an operating license from MAS.