Halogen Capital, a licensed digital asset fund manager in Malaysia, has launched what it describes as the world’s first Shariah-compliant cryptocurrency funds.
These funds aim to provide sophisticated investors, including high-net-worth individuals and institutional investors, with access to the growing digital asset market through a unit trust structure.
Since 2023, Halogen Capital has held a Capital Markets Services License (CMSL) for fund management from the Securities Commission Malaysia (SC).
The firm provides digital asset investments, including Bitcoin and Ethereum, using a structure akin to unit trusts, offering benefits such as tax clarity, enhanced security, and streamlined investment management.
Client assets in Halogen Funds are managed separately from the Fund Manager and held by an independent SC-registered trustee.
The Shariah-compliant funds are overseen by leading Shariah advisors, including Amanie Advisors and Tawafuq Consultancy.
The firm’s flagship funds include the Halogen Shariah Bitcoin Fund (HSBTCF), which provides exposure to physical spot Bitcoin, and the Halogen Shariah Ethereum Fund (HSETHF), offering exposure to physical spot and staked Ethereum. Both funds are endorsed by Amanie Advisors.
The Halogen Shariah Crypto Titans Fund (HSCTF) invests in up to a dozen large-cap, Shariah-compliant crypto assets like Bitcoin, Ethereum, Solana, and Ripple, utilising an active rebalancing strategy.
Additionally, the Halogen Shariah Ringgit Income Fund (HSRIF), a MYR-denominated fixed income fund, focuses on Islamic Deposits and short-term Sukuk, aiming to exceed fixed deposit returns.
Halogen Capital has established over 20 distribution partnerships, making its cryptocurrency investment products accessible nationwide through institutional unit trust advisors, financial advisers, and financial planners.
Headquartered in Kuala Lumpur, Halogen Capital has raised US$ 1.25 million from notable investors such as 500 Global, DCG Expeditions, Khazanah Nasional via Penjana Kapital, and The Hive Southeast Asia.
“In our first year, through our four funds and private mandates, Halogen Capital has surpassed RM100 million in assets under management (AUM) from over 800 clients, marking a remarkable milestone and reflecting the robust growth in our industry.
Looking ahead, our goal is to build on this momentum and achieve RM1 billion AUM within the next two years and be the global leader for Shariah-compliant digital assets.”
said Liew Ooi Hann, Founder and Chief Executive Officer of Halogen Capital.
“It has been encouraging to see the increasing institutional demand and trust in our flagship funds, particularly through our distribution partners such as Kenanga Investors, AHAM Capital, UOB Kay Hian, Phillip Mutual Berhad, Wealth Vantage Advisory, Bill Morrisons Wealth Management, Yes Financial Berhad, Alpine Advisory and others.
That being said, we recognise the knowledge gap concerning digital assets among many Malaysians, which is why we conduct regular webinars and host educational talks to ensure our clients and partners stay informed about this rapidly evolving asset class,”
said Lucas Ooi, Founder and Chief Business Officer of Halogen Capital.
Featured image credit: Edited from Freepik
