{"id":"synthesys","title":"Synthesys","content":"**Synthesys** is a Singapore-based financial technology company that provides infrastructure for tokenized capital markets. Founded in 2023, the company was initially known as Equitize before rebranding in September 2025. Synthesys aims to unify global liquidity for digital assets by creating a connective layer that links traditional financial systems with blockchain-based networks. Its platform focuses on the issuance, management, distribution, and settlement of tokenized [real-world assets](https://iq.wiki/wiki/real-world-assets-rwas) (RWAs), particularly investment funds, with the stated goal of building \"Financial Market Infrastructure 2.0\". [\\[1\\]](#cite-id-MLM4IwYx90qgmJTl) [\\[2\\]](#cite-id-QqV3ZYF9lt7zxyft) [\\[3\\]](#cite-id-fHgAvASToSfRaNbe)​\n\n## History\n\nSynthesys was founded in Singapore in 2023, originally operating under the name Equitize. [\\[4\\]](#cite-id-iPKTJA2sXiLgaCU8) On September 17, 2025, the company announced its rebranding to Synthesys to better reflect its mission of synthesizing traditional and decentralized finance. Coinciding with the rebrand, Synthesys announced it had raised US$11 million in a funding round to build out its infrastructure for tokenized securities. On the same day, a report on fund [tokenization](https://iq.wiki/wiki/tokenization) titled \"Unlocking the Future of Funds\" was released by a partner, highlighting principles that inform the company's strategy. [\\[3\\]](#cite-id-fHgAvASToSfRaNbe) [\\[5\\]](#cite-id-BCriJ0bqreYBFip6)​\n\nFollowing the funding, Synthesys published a market analysis report on September 23, 2025, projecting a $265 billion opportunity in South Korea’s tokenized capital markets. [\\[6\\]](#cite-id-tcfYIMOOW3VOHPAH) The company continued its engagement with the financial industry, participating in a panel discussion in October 2025 alongside executives from KPMG, Fidelity International, Franklin Templeton, and other firms to discuss the future of tokenized securities. [\\[7\\]](#cite-id-KV7rK4c4FWYIX7az)​\n\nA major milestone occurred on November 12, 2025, with the official launch of the Synthesys Network, the company's core interoperability product. At launch, the network connected over 40 distribution channels across jurisdictions including the U.S., Europe, Asia, and the Middle East. [\\[4\\]](#cite-id-iPKTJA2sXiLgaCU8) On March 18, 2026, Synthesys announced a partnership with EPOCH Digital Credit and [Chainlink](https://iq.wiki/wiki/chainlink) to launch TPLUS, a tokenized private credit fund, across six global financial markets, utilizing the Synthesys platform for issuance and distribution. [\\[8\\]](#cite-id-OCOYz9o2tjv81t95)​\n\nIn a statement on the funding round, co-founder and CEO Darien Poh stated, \"We are building the rails for a new generation of capital markets, one that is more efficient, transparent and accessible for everyone. This funding allows us to accelerate our mission, scaling our infrastructure to meet the surging institutional demand for tokenized assets.\" [\\[3\\]](#cite-id-fHgAvASToSfRaNbe)​\n\n## Technology and Products\n\nSynthesys provides a modular, end-to-end infrastructure for tokenized assets, consisting of two primary products: Synthesys Mint for issuance and the Synthesys Network for distribution and liquidity. The platform is designed to be multi-chain and to integrate with the operational stacks of traditional financial institutions. [\\[9\\]](#cite-id-wNs2MdhsWmQ0RQ5c) [\\[10\\]](#cite-id-AfKOLBimriiF3tbr)​\n\n### Synthesys Mint\n\nSynthesys Mint is a [tokenization](https://iq.wiki/wiki/tokenization) platform for asset managers to create, issue, and manage natively digital funds and securities. It serves as an on-chain registry layer that complements a fund's existing administrator and transfer agent without requiring system migration. The platform provides a no-code interface with templates for various fund structures, allowing issuers to configure custom parameters such as lock-up periods and transfer restrictions. [\\[10\\]](#cite-id-AfKOLBimriiF3tbr) [\\[6\\]](#cite-id-tcfYIMOOW3VOHPAH)​\n\nKey features of Mint include:\n\n* **Dynamic Token Controls:** Compliance rules, such as investor whitelisting and transfer restrictions, are embedded directly into the asset's [smart contract](https://iq.wiki/wiki/smart-contract). [\\[11\\]](#cite-id-YIwidOO5DEpuaEXo)\n* **Automated Operations:** The platform streamlines processes like compliance checks, reporting, and investor lifecycle management. [\\[10\\]](#cite-id-AfKOLBimriiF3tbr)\n* **Real-Time NAV Oracle:** Integrates with [Chainlink](https://iq.wiki/wiki/chainlink) to publish a fund's Net Asset Value (NAV) on-chain, creating a verifiable source of truth for pricing across the ecosystem. [\\[10\\]](#cite-id-AfKOLBimriiF3tbr)\n* **Dual Authorization:** It implements a \"maker/checker\" principle for critical on-chain actions, requiring two separate authorized users to approve operations before they are committed to the [blockchain](https://iq.wiki/wiki/blockchain). [\\[10\\]](#cite-id-AfKOLBimriiF3tbr)\n* **Multi-Chain Management:** A single interface allows for the issuance and management of a fund across multiple [blockchain](https://iq.wiki/wiki/blockchain) networks, such as [Polygon](https://iq.wiki/wiki/polygon) and [Avalanche](https://iq.wiki/wiki/avalanche). [\\[10\\]](#cite-id-AfKOLBimriiF3tbr)\n\n### Synthesys Network\n\nLaunched on November 12, 2025, the Synthesys Network is an interoperability protocol and liquidity layer designed to connect fragmented global marketplaces for tokenized assets. It functions as a universal adapter, or middleware, that aggregates liquidity and enables tokenized securities to move between different [blockchains](https://iq.wiki/wiki/blockchain) and distribution channels via a single, unified API. The Network is intended to replace bilateral integrations with a single point of connection. [\\[12\\]](#cite-id-9RzA2Akke5wHJbUc) [\\[4\\]](#cite-id-iPKTJA2sXiLgaCU8)​\n\nCore features of the Network include:\n\n* **Global Interconnection:** Connects fund managers, distributors, banks, broker-dealers, and service providers. At launch, it aggregated liquidity from over 40 distribution channels in more than 17 jurisdictions. [\\[4\\]](#cite-id-iPKTJA2sXiLgaCU8)\n* **Interoperable Order Routing:** A global router automates transaction flows between different counterparties to facilitate cross-listing and cross-trading of securities. [\\[12\\]](#cite-id-9RzA2Akke5wHJbUc)\n* **Automated Settlement:** The system is designed to enable near-instant settlement (T+0), reducing counterparty risk and operational friction compared to traditional T+2 cycles. [\\[3\\]](#cite-id-fHgAvASToSfRaNbe)\n* **Legacy System Compatibility:** It supports SWIFT-compatible and [ISO 20022](https://iq.wiki/wiki/iso-20022) aligned messaging to ensure integration with existing financial infrastructure. [\\[12\\]](#cite-id-9RzA2Akke5wHJbUc)\n\nOne source has described the network as an institutional \"app-chain\" built using the [Solana](https://iq.wiki/wiki/solana) Virtual Machine (SVM) to create a permissioned, high-performance environment for verified participants. [\\[6\\]](#cite-id-tcfYIMOOW3VOHPAH)​\n\n### Other Products\n\nThe company has also mentioned other product names, including Synthesys One and Synthesys Zodiac, though detailed information about their functions is not publicly available. [\\[2\\]](#cite-id-QqV3ZYF9lt7zxyft) [\\[12\\]](#cite-id-9RzA2Akke5wHJbUc)​\n\n## Funding\n\nOn September 17, 2025, Synthesys announced the completion of a combined seed and strategic funding round totaling US$11 million. The company stated the funds would be used to scale its infrastructure and accelerate expansion, with a focus on the Asia-Pacific and Middle East regions. [\\[3\\]](#cite-id-fHgAvASToSfRaNbe)\n\nInvestors in the round, as mentioned across various company announcements, include SC Ventures (Standard Chartered's venture arm), Morningside Ventures, [Pantera Capital](https://iq.wiki/wiki/pantera-capital), [Hashed](https://iq.wiki/wiki/hashed), Franklin Templeton, Antler, HashKey Capital, Saison Capital, 500 Global, Global Brain, Gumi Cryptos Capital, Pinetree Securities, Presto, Everyrealm, Token Bay Capital, Bing Ventures, and [Chainlink](https://iq.wiki/wiki/chainlink). Angel investor Mark Pui was also noted as a participant. [\\[11\\]](#cite-id-YIwidOO5DEpuaEXo) [\\[10\\]](#cite-id-AfKOLBimriiF3tbr) [\\[4\\]](#cite-id-iPKTJA2sXiLgaCU8) [\\[5\\]](#cite-id-BCriJ0bqreYBFip6) [\\[6\\]](#cite-id-tcfYIMOOW3VOHPAH)\n\n## Key People\n\n* **Darien Poh:** Co-founder and Chief Executive Officer (CEO) [\\[8\\]](#cite-id-OCOYz9o2tjv81t95)\n* **Victor Lee:** Co-founder and Chief Product Officer (CPO) [\\[3\\]](#cite-id-fHgAvASToSfRaNbe)\n* **Matthew Lim:** Co-founder and Chief Growth Officer (CGO) [\\[3\\]](#cite-id-fHgAvASToSfRaNbe)\n* **Calvin Cheng:** Co-founder [\\[6\\]](#cite-id-tcfYIMOOW3VOHPAH)\n\nOther executives mentioned in company materials include [David Lee](https://iq.wiki/wiki/david-lee) (CIO), YJ Kim (Head of Korea), and Nicholas Ng, a former CEO of Deutsche Securities who serves as an advisor on finance and governance. [\\[2\\]](#cite-id-QqV3ZYF9lt7zxyft) [\\[11\\]](#cite-id-YIwidOO5DEpuaEXo) [\\[6\\]](#cite-id-tcfYIMOOW3VOHPAH)\n\n## Partnerships and Collaborations\n\nSynthesys has formed partnerships across technology, finance, and distribution.\n\nA key partnership announced in March 2026 involves **EPOCH Digital Credit** and [**Chainlink**](https://iq.wiki/wiki/chainlink) for the launch of the TPLUS tokenized private credit fund. In this collaboration, Synthesys provides the core [tokenization](https://iq.wiki/wiki/tokenization) and distribution infrastructure via its Mint and Network products. Chainlink provides its Cross-Chain Interoperability Protocol (CCIP) for fund transfers and data services. Traditional fund administrators, including BNY Mellon and The Ascent Group, were involved in the fund's operations, demonstrating the platform's ability to integrate with legacy financial firms. [\\[8\\]](#cite-id-OCOYz9o2tjv81t95) [\\[2\\]](#cite-id-QqV3ZYF9lt7zxyft) [\\[10\\]](#cite-id-AfKOLBimriiF3tbr)​\n\nUpon the launch of the Synthesys Network, initial partners and adopters included Tokinvest (its official distribution partner for the Middle East), EX.IO, Assetera, Altify, Toroa Capital, and Evident Capital. [\\[4\\]](#cite-id-iPKTJA2sXiLgaCU8)​\n\nSynthesys has also engaged in industry discussions and report collaborations with firms such as Franklin Templeton, Fidelity International, KPMG, GSR, Drew & Napier, and the Solana Foundation. [\\[7\\]](#cite-id-KV7rK4c4FWYIX7az) [\\[11\\]](#cite-id-YIwidOO5DEpuaEXo)​\n\n## Market Analysis and Reports\n\nSynthesys has published several reports to support its market thesis and highlight opportunities in asset tokenization.\n\n* **Korea Tokenization Report (September 2025):** Titled \"The Case for [Tokenization](https://iq.wiki/wiki/tokenization) in Korea,\" this report projected that the country's market for tokenized securities could grow to approximately US$265 billion (KRW 367 trillion) by 2030. It analyzed the regulatory landscape and institutional readiness in South Korea. The report was produced in collaboration with Korean institutions including Superteam Korea, Pinetree Securities, and the Korea Exchange (KRX). [\\[13\\]](#cite-id-JgF4bAs0coU8Qbg3) [\\[6\\]](#cite-id-tcfYIMOOW3VOHPAH)\n* **Unlocking the Future of Funds (September 2025):** Released under the company's former name, Equitize, this report advocates for the \"native issuance\" of funds directly as digital tokens rather than \"wrapping\" shares of traditional fund structures. [\\[5\\]](#cite-id-BCriJ0bqreYBFip6)\n* **Native: The Future of Blockchain-Native Finance:** This report outlines the company’s thesis on evolving from static tokenized wrappers to dynamic, programmable, and interoperable financial instruments that are built on-chain from inception. [\\[11\\]](#cite-id-YIwidOO5DEpuaEXo)","summary":"Synthesys is a fintech company building institutional-grade infrastructure for tokenized capital markets. Its platform, including Synthesys Mint and Network, aims to unify global liquidity by connecting traditional finance with on-chain assets.","images":[{"id":"QmXTDxTbSBib7DzwJRxT9Gds25fpycyvPcunUXQmz8AYz9","type":"image/jpeg, image/png"}],"categories":[{"id":"organizations","title":"organizations"}],"tags":[{"id":"Protocols"},{"id":"Organizations"},{"id":"Venture"},{"id":"Solana"},{"id":"Ethereum"}],"media":[{"id":"QmWBprvg6APxDmwLK9C9WKQqEMkhvYMhhdy2ypUo2Mm9d2","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmQJEvQ8KuK5zc7EDHrgtywiuKqpv8jknSqov4YJkvqCy8","name":"Cópia de Design sem nome.png","caption":"","thumbnail":"QmQJEvQ8KuK5zc7EDHrgtywiuKqpv8jknSqov4YJkvqCy8","source":"IPFS_IMG"},{"id":"QmXBgaSw19u2GZihebgZmeX8RL8xGEoz17j7Hzay8LFuQH","name":"synthesys_logo.svg","caption":"","thumbnail":"QmXBgaSw19u2GZihebgZmeX8RL8xGEoz17j7Hzay8LFuQH","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"MLM4IwYx90qgmJTl\",\n    \"url\": 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