Kenanga IB managing director Datuk Chay Wai Leong (pic) said the acquisition was part of its strategy to offer a wide spectrum of financial products and services, including digital assets.
KUALA LUMPUR: Kenanga Investment Bank Bhd
’s unit is buying a 19% stake in Tokenize Technology (M) Sdn Bhd (Tokenize Malaysia) as it seeks to be a key player in the digital capital market space in the country.
In a statement, it said Kenanga Private Equity Sdn Bhd had entered into a conditional agreement to acquire the stake in Tokenize Malaysia, which has been operating under the brand Tokenize Xchange.
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