Malaysian fintech company Jirnexu‘s co-founders Hann Liew and Lucas Ooi have unveiled their next new venture – Halogen which claims to be Malaysia’s first digital asset fund manager licensed by the Securities Commission Malaysia (SC).

Halogen has a full Capital Markets Services (CMS) license from the regulator to manage digital assets such as cryptocurrencies, NFTs, and tokenised assets.

The company was soft-launched in July 2023 with the initial goal of making crypto investing easily accessible to institutional and individual investors.

Halogen aims to provide access and professional management through familiar traditional structures such as mutual funds, managed portfolios and ETFs soon.

According to the Halogen website, its customers’ assets will be safeguarded through SC-registered trustees.

Among Halogen’s featured funds that have been launched are the Halogen Shariah Bitcoin Fund with institutional-quality access to Shariah-compliant spot Bitcoin as well as Halogen Shariah Ringgit Income Fund for stable income with minimal capital risk.

Both the co-founders had recently announced that they were stepping down from their executive roles at Jirnexu to focus on their new venture.

Hann said in a LinkedIn post,

“By offering all the protections of segregated trust structures and regulatory oversight/safeguards from the traditional capital markets world, combined with the speed, liquidity and innovation of the digital asset world, we believe that we can finally take the industry forward.”