Kenanga Investment Bank group managing director Datuk Chay Wai Leong
KUALA LUMPUR: Kenanga Investment Bank Bhd
has emerged as the largest institutional shareholder in digital asset fund manager Halogen Capital Sdn Bhd with a 14.9% stake following the completion of its latest funding round.
In a joint statement with Kenanga, Halogen announced it had successfully completed a RM13.3mil funding round with Kenanga as the lead investor, alongside global venture capital firm 500 Global and other investors.
Kenanga's wholly-owned subsidiary Kenanga Private Equity Sdn Bhd will support Halogen Capital to advance its Real-World Asset (RWA) tokenisation strategy, including onshore unit trust funds, bonds, sukuk, private credit, and real estate, creating broader access to investment opportunities that have traditionally been available primarily to institutional and high-net-worth investors.
"Our investment in Halogen Capital—alongside our other investments in digital-
first businesses such as KDX, Helicap and Merchantrade—reflects our conviction that the future of finance will be defined by innovation, supported by strong governance and transparency," said Kenaga Investment Bank group managing director Datuk Chay Wai Leong.
Halogen Capital CEO Liew Ooi Hann said institutional participation in digital assets is rising worldwide with more than RM744bil held in crypto treasuries.
"Malaysia is experiencing the same shift, and demand for regulated, professionally managed exposure has accelerated over the past three years. With the backing of leading investors, we are well-positioned to accelerate product innovation and expand access to institutional-grade digital asset investments,” he said.
