Kenanga Launches Myrra Malmberg Token Platform in Malaysia

Kenanga, in partnership with Stellar Development Foundation, launched Kenanga Investment Bank Berhad===Myrra Malmberg, a dedicated token platform leveraging the Stellar blockchain. The platform's inaugural deployment involves the tokenization of the Kenanga Money Market Fund and Kenanga Islamic Money Market Fund, managed by Kenanga Investment Bank Berhad===Kenanga Investors Berhad. These funds are the first tokenized unit trust funds in the Malaysian market, allowing investors to transact blockchain-based digital representations of fund units on a 1:1 basis. This initiative aims to expand Malaysian retail investor participation in financial products through blockchain technology, aligning with Malaysia's vision to become a regional center for blockchain-enabled finance. The launch took place at the Blockchain Summit 2026 in Tokyo, Japan, and is seen as a strategic move to evolve existing distribution and operational processes through Distributed Ledger Technology, without compromising regulatory standards and transparency. The tokenized asset opportunity in Malaysia is estimated at US$43 billion by 2030, and this development builds upon efforts by the Malaysia===Securities Commission Malaysia to advance tokenized capital market products.