KUALA LUMPUR, MALAYSIA\u00a0–\u00a0Media
Operating under the brand, Tokenize Xchange, it is one of the three licensed
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“We have been building a digital ecosystem to offer our customers a wide
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Tokenize Xchange was initially launched in Singapore by tech savvy founder
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Hong had later on set up Tokenize Malaysia to focus on the Malaysia
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“Our interest in digital assets goes beyond Bitcoin and other commonly
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“We are very pleased to welcome onboard, Kenanga Investment Bank Berhad,
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Currently, the market capitalisation of the global crypto market stands
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This investment in Tokenize Malaysia adds to the line-up of digital
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It also recently acquired a stake in Merchantrade Asia Sdn Bhd
For more information on Kenanga Investment Bank Behad,
*as of 2-Feb-21, according to coinmarketcap.com<\/i><\/p>\n
\nOutReach<\/a>\u00a0–\u00a08 February 2021 –\u00a0Accelerating its digital agenda, Kenanga
\nInvestment Bank Berhad via its wholly-owned
\nprivate equity arm, Kenanga Private Equity Sdn Bhd, today entered
\ninto a conditional agreement to acquire 19.0% equity interest in Tokenize
\nTechnology (M) Sdn Bhd (Tokenize Malaysia). <\/p>\n![](\"https:\/\/release.media-outreach.com\/release.php\/Images\/Thumb\/500x0\/123354\/Datuk-Chay-Wai-Leong-.jpg#image-123354\")
<\/p>\nDatuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad<\/h5>\n
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\nDigital Asset Exchanges (DAX) by the Securities Commission of Malaysia (SC),
\nand is currently the second largest DAX in the country by traded market
\nshare. Tokenize Xchange is an online exchange that allows trading of
\ncryptocurrencies (crypto) such as Bitcoin and Ethereum, and operates 24X7,
\nwhole year round. <\/p>\n
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\nspectrum of financial products and services, including digital assets. The
\nemergence of digital assets including cryptocurrencies have been gaining
\nacceptance globally in the last few years. While we are keen on crypto as an
\nasset class, we are aware of the volatility and the proliferation of unregulated
\nplayers in the market. We are therefore very pleased to be given the
\nopportunity to invest in one of the three licensed digital asset exchanges in
\nMalaysia. We applaud the Securities Commission as one of the first in Asia to
\nintroduce regulations in this area,” said Datuk Chay Wai Leong, Group Managing
\nDirector of Kenanga Investment Bank Berhad.<\/p>\n
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\nHong Qi Yu in 2018 and it has since captured a customer base of over 100,000. <\/p>\n
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\nmarket. In June 2019, Tokenize Malaysia was awarded a Recognized Market
\nOperator (RMO) license to operate by SC and its platform, Tokenize Xchange, went
\nlive on 1 April 2020. <\/p>\n
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\ntraded cryptocurrencies. We believe that the technology behind digital assets
\nis very powerful and the emergence of digital assets in the future is
\ninevitable. We are hopeful that fund raising through the tokenization of businesses
\nand assets will be a significant part of the capital markets in the future for
\nMalaysia. We believe that through Tokenize Malaysia we
\ncan be a key player in the digital capital market space in Malaysia,” he added.
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\none of the leading investment banks in Malaysia, as a key investor. The
\ncombined reach, expertise and resources is game-changing and will allow us to
\nscale our presence in Malaysia. Together we will shape the digital asset
\nlandscape and build an exciting path forward for investors in the country,”
\nremarked Hong Qi Yu, Chief Executive Officer, Tokenize Malaysia. <\/p>\n
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\nat USD1.007 trillion*, a spike of three folds from four months ago. Relative to
\nthe global equity market capitalisation which is estimated to be nearly in the
\nhundred trillion worth, there is still ample upside to the crypto market. <\/p>\n
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\ninitiatives Kenanga Investment Bank has embarked on over recent years. This
\nincludes the successful joint-venture, with Japan based Rakuten Inc, to
\nintroduce the first fully online stock trading platform in Malaysia, Rakuten
\nTrade, which has since seen remarkable record volume growth. <\/p>\n
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\n(Merchantrade), Malaysia’s leading e-money player and the country’s largest
\nMoney Services Business operator, following Kenanga’s recent collaboration with
\nthem to introduce Malaysia’s first stockbroker e-wallet, Kenanga Money. Kenanga
\nhas also announced a partnership with award-winning digital supply chain
\nfinancing company, Bay Group Holdings Sdn Bhd, to transform the traditional
\nfactoring market in Malaysia.\u00a0 In the pipeline
\nthis year is the rollout of a robo-advisory platform that will automate
\ninvestment portfolio for clients, taking another step closer towards the
\ncreation of a robust ecosystem that provides complete and forward-facing
\nfinancial solutions to our customers.<\/p>\n
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\nplease visit www.kenanga.com.my<\/a>, and
\nfor more on Tokenize Malaysia, www.tokenizemalaysia.com<\/a><\/p>\n
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