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The exchange intends to launch its Chinese subsidiary dubbed Tabi no later than March. Apart from China, DBX also seeks to branch out into other countries, including the US. The Chinese government has approved a South Korean crypto exchange to operate in the country despite barring all local crypto trading services. A report unveiled this news on February 7, noting that DBX had become the first South Korean crypto exchange to establish a subsidiary dubbed Tabi in China. Reportedly, Chinese authorities granted the exchange a corporation establishment license. According to the report, DBX got initial approval from the Chinese government on December 28, 2020. After this, the exchange received a certificate of incorporation on February 5, making things official. ....
’s unit is buying a 19% stake in Tokenize Technology (M) Sdn Bhd (Tokenize Malaysia) as it seeks to be a key player in the digital capital market space in the country. In a statement, it said Kenanga Private Equity Sdn Bhd had entered into a conditional agreement to acquire the stake in Tokenize Malaysia, which has been operating under the brand Tokenize Xchange. Tokenize Malaysia is one of the three licensed digital asset exchanges (DAX) approved by the Securities Commission (SC). It is the second largest DAX in the country by traded market share. Tokenize Xchange is an online exchange that allows trading of cryptocurrencies such as bitcoin and ethereum, and operates 24x7, whole year round. ....
KUALA LUMPUR: Kenanga Investment Bank Bhd’s unit is buying a 19% stake in Tokenize Technology (M) Sdn Bhd (Tokenize Malaysia) as it seeks to be a key player in the digital capital market space in Malaysia ....
2021/02/08 11:30 KUALA LUMPUR, MALAYSIA - Media OutReach - 8 February 2021 - Accelerating its digital agenda, Kenanga Investment Bank Berhad via its wholly-owned private equity arm, Kenanga Private Equity Sdn Bhd, today entered into a conditional agreement to acquire 19.0% equity interest in Tokenize Technology (M) Sdn Bhd (Tokenize Malaysia). Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad Operating under the brand, Tokenize Xchange, it is one of the three licensed Digital Asset Exchanges (DAX) by the Securities Commission of Malaysia (SC), and is currently the second largest DAX in the country by traded market share. Tokenize Xchange is an online exchange that allows trading of ....
Malaysia’s Kenanga Investors is acquiring state-backed asset and exchange-traded fund manager i-VCAP Management for an undisclosed sum after getting the green light from Securities Commission Malaysia, a deal that will turn it into the second largest ETF manager in the country. Kenanga Investment Bank, which owns Kenanga Investors, made the announcement in a statement on February 2, confirming a January 13 report in Asia Asset Management ( The bank didn’t provide details but people familiar with the matter tell AAM that it’s an all-cash deal and is expected to be completed by the end of March. i-VCAP is wholly-owned by Valuecap Group, a three-way joint venture between sovereign wealth fund Khazanah Nasional, Permodalan Nasional, Malaysia’s largest fund manager, and civil service pension fund Kumpulan Wang Persaraan. ....