Halogen Capital has raised RM13.3 million in a funding round led by Kenanga Investment Bank, with participation from 500 Global.
The investment was made through Kenanga’s wholly owned subsidiary, Kenanga Private Equity Sdn Bhd.
Following the funding round, Kenanga holds a 14.9 percent stake in Halogen Capital, making it the company’s largest institutional shareholder.
“This funding round represents an important step in advancing Kenanga’s digital asset ecosystem. 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.
By leveraging blockchain and tokenisation, and by strengthening our network of digital platforms, we aim to redefine how investors engage with capital markets, making them more efficient, accessible and globally competitive.”
said Datuk Chay Wai Leong, Group Managing Director of Kenanga Investment Bank.
The fundraise also drew participation from Digital Currency Group, The Hive Southeast Asia, Jelawang Capital and Mythos Venture Partners.
“Their support reinforces the growing recognition of digital assets as an integral part of global capital markets. Institutional participation is rising steadily worldwide, with more than RM744 billion (USD181 billion) now held in corporate 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,”
added Liew Ooi Hann, Founder and Chief Executive Officer of Halogen Capital.
He added that the funds will be used to advance Halogen Capital’s real world asset tokenisation strategy, covering onshore unit trust funds, bonds, sukuk, private credit and real estate.
The capital will also support the development of new digital asset investment products and crypto yield strategies backed by Malaysian assets.
Founded in 2023, Halogen Capital is a licensed digital asset fund manager in Malaysia.
As of November 2025, the firm managed about RM400 million in assets under management across eight wholesale funds and private mandates.
Its investor base includes high net worth individuals, family offices, corporates and institutional investors.
The firm distributes its products through more than 15 partners, including commercial banks and Federation of Investment Managers Malaysia approved distributors.
Featured image: Edited by Fintech News Malaysia, based on image by ismode via Freepik
