Malaysian company Halogen Capital has raised $3.2 million to expand its asset tokenization business.

PANews reported on December 15th that Halogen Capital, a licensed digital asset fund management company in Malaysia, announced the completion of a RM13.3 million (approximately US$3.2 million) funding round. The round was led by Kenanga Investment Bank, with participation from institutions including 500 Global.

Kenanga, through its private equity arm, acquired 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.

Halogen Capital stated that this funding will be used to expand its tokenization business of real assets, including mutual funds, bonds, Islamic bonds, private credit, and real estate. As of November 2025, the company manages approximately RM400 million (approximately US$97.81 million) in assets. Founded in 2023, Halogen Capital currently manages eight wholesale funds and private mandate funds, serving high-net-worth individuals, corporations, and institutional investors.

Previously, it was reported that Jirnexu, a fintech company, co-founded Halogen Capital, Malaysia's first digital asset fund management company .