Halogen Capital has raised RM13.3 million in a funding round led by Kenanga Investment Bank, with support from 500 Global and other investors. The investment was made through Kenanga’s wholly owned unit, Kenanga Private Equity Sdn Bhd.
Following the round, Kenanga now owns a 14.9% stake in Halogen Capital, making it the company’s largest institutional shareholder. Datuk Chay Wai Leong, Group Managing Director of Kenanga Investment Bank, said the move reflects the bank’s commitment to advancing its digital asset ecosystem. He added that Kenanga’s investments in digital-first businesses like KDX, Helicap, and Merchantrade demonstrate its belief that innovation, governance, and transparency will shape the future of finance. By leveraging blockchain and tokenisation, Kenanga aims to make capital markets more efficient, accessible, and globally competitive.
Other participants in the round included Digital Currency Group, The Hive Southeast Asia, Jelawang Capital, and Mythos Venture Partners. Liew Ooi Hann, Founder and CEO of Halogen Capital, said the support from leading investors highlights the growing recognition of digital assets as an important part of global capital markets. He noted that institutional demand for regulated and professionally managed digital asset exposure has grown significantly in Malaysia over the past three years.
The funds raised will be used to advance Halogen Capital’s real-world asset tokenisation strategy, covering 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 across eight wholesale funds and private mandates. Its investor base includes high-net-worth individuals, family offices, corporates, and institutional investors. Halogen distributes its products through more than 15 partners, including commercial banks and distributors approved by the Federation of Investment Managers Malaysia.
