Malaysia Digital Asset Fund raises $3.2 million, targets RWA tokenization sector

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[Crypto World] A licensed digital asset fund in Malaysia recently completed a new funding round. The funding totaled 13.3 million MYR, approximately $3.2 million USD, led by local investment bank Kenanga. The bank holds a 14.9% stake through its private equity division, becoming the largest institutional shareholder.

The financing lineup is quite substantial. In addition to Kenanga Investment Bank, it also attracted participation from well-known funds such as 500 Global, Digital Currency Group, The Hive Southeast Asia, Jelawang Capital, and Mythos Venture Partners. This indicates that the market remains optimistic about the company’s development direction.

After securing this funding, the company’s goal is very clear — to expand the business of real-world asset tokenization (RWA). Specifically, they plan to explore tokenization in areas like unit trust funds, bonds, Islamic bonds, private credit, and real estate. The RWA sector has gained significant popularity in recent years, bringing traditional financial assets onto the blockchain, which appeals to both institutional investors and retail investors. This funding round also reflects the growing interest in digital assets and on-chain financial innovation in the Southeast Asia market.

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SeasonedInvestorvip
· 12-18 03:26
The RWA track is really heating up, and Southeast Asia is starting to get involved as well. Jianan Bank is directly coming in to take the largest share, indicating that traditional finance is starting to take this seriously. 3.2 million USD is not too much or too little, but with this lineup... hmm, 500 Global being involved shows it's not just talk. Speaking of which, is DCG still investing in new projects? I thought they had already... never mind, let's see what happens next. Opportunities for RWA in Southeast Asia definitely exist, but I'm worried it might just be another hype-driven play.
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MetaverseHermitvip
· 12-16 14:16
The RWA track is really hot right now, even Southeast Asia is starting to get involved. Jianan leading this round is quite interesting, local banks are starting to join in. $3.2 million may not seem like a lot, but that's how the Southeast Asian market is—what matters is the potential for future growth. 500 Global and DCG are both participating, indicating that there is still some room for imagination in this area. But to be honest, with so many RWA concepts out there, only a few can really be implemented successfully. Malaysia's recent funding round was a bit low-key; I haven't heard much about it... Licensed funds + RWA—this combination sounds reliable, a regulatory-friendly approach.
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MetaDreamervip
· 12-15 08:22
A new player has entered the RWA track, and things are quite active in Malaysia. Leading the investment with $3.2 million USD is no small feat; the team behind it looks reliable. Is 500 Global involved as well? That suggests there’s still some potential in this matter. Wait, is Southeast Asia really about to see a wave of RWA tokenization? It feels like another round of land grabbing... but it’s definitely worth paying attention to. This fund’s licensed qualification is right there, making it more attractive than wildcat projects.
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MEVHunterLuckyvip
· 12-15 08:15
The tokenization of RWA is really hot right now, Southeast Asia is starting to get competitive. Jian Nan leading the investment is quite interesting; the integration points between traditional finance and crypto are increasing. Starting from 3.2 million USD? It seems there's still great potential in this track. Even with such a bleak market, they can raise so much, which shows that institutions still believe in the RWA direction. Early entrants will be the last to laugh. But how are the policies in Malaysia? I'm a bit worried about the follow-up. This lineup is luxurious—500 Global and Digital Currency Group are both here. RWA is truly a hot trend this year; whoever catches it will profit.
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DegenDreamervip
· 12-15 08:06
The RWA track has now expanded to Southeast Asia, and more players are joining. The investor lineup is impressive, with DCG and 500Global both participating. Looking forward to it. Are the policies and environmental regulations in Malaysia favorable? I heard there are some risks involved. Over three million USD is a relatively small funding for Standard. The key is how much more they can raise afterward. Jian Nan directly takes 14.9%. Is this genuine confidence or just arbitrage?
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CascadingDipBuyervip
· 12-15 08:05
RWA is also trending in Southeast Asia, but $3.2 million still feels a bit small. --- Jian Nan Du has entered the scene, indicating that traditional finance is indeed optimistic about this sector. --- 500 Global and DCG are investing together, a good combination. Now it's just up to how the team performs. --- Once again in Southeast Asia, it seems like the crypto funding is all flowing here? --- Private equity directly takes a 14.9% stake as the largest shareholder. That's an interesting approach. --- RWA tokenization is indeed appealing, but can the Malaysian market really scale up? --- The lineup of investors looks good, but the amount raised in this round is a bit...
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