Halogen Capital, Malaysia’s pioneering licensed digital asset fund manager, has successfully completed a RM13.3m (US$3.2m) funding round. The round was led by Kenanga Investment Bank Berhad, Malaysia’s leading independent investment bank, and 500 Global, a prominent venture capital firm. This investment aims to bolster Halogen Capital’s Real-World Asset (RWA) tokenisation strategy, expanding access to traditionally exclusive investment opportunities.
The funding, facilitated through Kenanga’s subsidiary, Kenanga Private Equity, will support Halogen Capital’s efforts to tokenise assets such as unit trust funds, bonds, sukuk, private credit, and real estate. This initiative seeks to democratise investment opportunities, traditionally reserved for institutional and high-net-worth investors, by leveraging blockchain technology and digital asset fund management.
Datuk Chay Wai Leong, Group Managing Director of Kenanga Investment Bank, stated, “Our investment in Halogen Capital, alongside our other digital-first ventures, reflects our belief in a future of finance defined by innovation, governance, and transparency.” He emphasised the role of blockchain and tokenisation in redefining capital market engagement.
Liew Ooi Hann, Founder and CEO of Halogen Capital, highlighted the growing recognition of digital assets in global capital markets, noting that institutional participation is increasing, with over RM744b (US$181b) held in corporate crypto treasuries. “With the backing of leading investors, we are well-positioned to accelerate product innovation and expand access to institutional-grade digital asset investments,” he added.
Since its inception in 2023, Halogen Capital has grown its assets under management to approximately RM400m as of November 2025, serving a diverse investor base. The collaboration with Kenanga aims to introduce new digital asset investment products and enhance access to crypto yield generation and tokenised securities, aligning with regulatory standards set by the Securities Commission Malaysia.
