Malaysian digital asset fund management company Halogen Capital has completed a $3.2 million funding round, led by Kenanga Investment Bank.

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On December 15, Halogen Capital, a licensed digital asset fund management company in Malaysia, completed a financing round of RM13.3 million (approximately US$3.2 million), led by Kenanga Investment Bank.

Jiannan Investment Bank, through its private equity arm, holds a 14.9% stake in Halogen Capital, becoming its largest institutional shareholder. Other investors include 500 Global, Digital Currency Group, The Hive Southeast Asia, Jelawang Capital, and Mythos Venture Partners.

The company stated that the funds will be used to expand its real-world asset tokenization business, covering areas such as unit trusts, bonds, Islamic bonds, private lending, and real estate.

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