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Halogen Capital Raises $3.2M in Funding Led by Kenanga Investment Bank

The Malaysia-based firm secured 13.3 million ringgit to strengthen asset tokenization across diverse sectors, with its assets under management projected to reach 400 million ringgit by November 2025.

Summary

Halogen Capital has secured 13.3 million ringgit ($3.2 million) in funding, led by Kenanga Investment Bank, which acquired a 14.9% stake in the company. The funds will be utilized to tokenize a range of assets, including mutual funds, bonds, sukuk, private credit, and real estate. Halogen Capital projects its assets under management (AUM) will reach 400 million ringgit ($97.8 million) by November 2025.

Terms & Concepts
  • Tokenization: The process of converting rights to a real-world asset into a digital token on a blockchain.
  • Real-world assets: Physical or traditional financial assets such as property, bonds, or credit, represented digitally.
  • Sukuk: Islamic financial certificates similar to bonds, structured to comply with Sharia law.