COINOTAG News reports that on December 15, Halogen Capital, a licensed digital asset fund management firm based in Malaysia, closed a financing round of 13.3 million Ringgit (about 3.2 million USD) led by Kenanga Investment Bank.

Via its private equity division, Kenanga Investment Bank now owns a 14.9% stake in Halogen Capital, establishing itself as the largest institutional shareholder. Other backers include 500 Global, Digital Currency Group, The Hive Southeast Asia, Jelawang Capital, and Mythos Venture Partners.

The capital will accelerate Halogen Capital’s real-world asset tokenization initiatives, expanding offerings across unit trust funds, bonds, sukuk, private debt, and real estate.