Live Breaking News & Updates on Major Malaysian Bank Kenanga Acquires

Major Malaysian Bank Kenanga Acquires 19% Stake in a Crypto Exchange
One of Malaysia’s top investment banks has bought a 19% stake in a local crypto exchange via its private equity arm. The Kenanga Investment Bank announced its inception into the crypto business by investing in Tokenize Xchange.
Tokenize Xchange Is One of the Three Malaysian Licensed Crypto Exchanges
Per the official announcement, the bank made the transaction through Kenanga Private Equity Sdn Bhd via a conditional agreement to purchase 19% equity interest in the trading platform.
Hong Qi Yu, chief executive officer of Tokenize Xchange, founded the firm in 2018. Since its launch in Singapore, the exchange has gathered a customer base of over 100,000. On April 1, 2020, the company went live as a licensed crypto firm in the country. ....

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