iSTOX Tokenizes Another Fund: Mapletree MERIT Fund Digital security platform iSTOX has acquired a stake in the Mapletree MERIT Fund and turned them into digital securities that provide individual accredited investors partial access to the fund or Mapletree Europe Income Trust. Last month, iSTOX announced it had tokenized Astrea VI private equity bonds. According to iSTOX, the Trust targets a 12% internal rate of return and will be managed by Mapletree Real Estate Advisors Pte. Ltd., a wholly-owned subsidiary of Mapletree. MERIT will be Mapletree’s 11th private equity fund and the 4th in a series of fully seeded funds that are invested in real estate sectors such as Australia commercial, Europe and US, as well as student accommodation in the US and UK.