Major Malaysian Bank Kenanga Acquires 19% Stake in a Crypto Exchange – Exchanges Bitcoin News
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 execu...