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Malay Mail
06-08-2025
- Business
- Malay Mail
Malaysia's US$43 Billion Potential Asset Tokenisation Opportunity
Project Juara charts way forward for all stakeholders to capture tokenisation opportunities and drive financial transformation in Malaysia. From left: Ranjit Singh Gill, Director, Head of Product & Market Development, Kenanga Investors Berhad ("Kenanga Investors"); Datuk Wira Ismitz Matthew De Alwis, Executive Director & Chief Executive Officer, Kenanga Investors; Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad; Qin En Looi, Partner, Saison Capital Pte Ltd; Teong Hng, Co-Founder & CEO, Satori Research Ltd; and Jitendra Singh Jaitawat, Co-Founder & CEO, Helicap Labs Pte Ltd. KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 6 August 2025 - Kenanga Investment Bank Berhad (""), Saison Capital Pte Ltd, Helicap Labs Pte Ltd ("") and Satori Research Ltd, today announced the release of a white paper that offers insights into the asset tokenisation industry's potential and its significance in driving financial transformation in Malaysia. Titled Project Juara: Malaysia's Asset Tokenisation Opportunity ("") and authored by all four parties, it estimates that Malaysia's tokenised asset market could reach US$43 billion by 2030, spanning regulated products such as unit trusts, bonds and Juara aligns with national interest, particularly in light of the Malaysian Prime Minister, Datuk Seri Anwar Ibrahim's remarks in April 2025 that "with the right steps, Malaysia can position itself at the forefront of this transformation", after discussions on the nation's potential as a major hub for digital assets and the blockchain this backdrop, Project Juara charts a way towards building a robust digital asset ecosystem using a call to action and whole-of-nation approach. Traditional financial institutions can act as early adopters and counterparties to asset owners, who in turn create credible investment-worthy products. Equally important are infrastructure providers, government agencies and community leaders whose collective efforts can help shape the future of Malaysia's digital economy to make investing inclusive, equitable and empowering for every Malaysian. The report encourages all parties to recognise that each has a distinct yet interdependent role in creating a progressive capital market report highlights the scale of what is possible if we take the right steps today. While digitalisation has enhanced customer interfaces and experience, tokenisation offers a deeper structural reform by reshaping how financial assets are issued, traded and governed. As such, Project Juara dives deep into examining the institutional, regulatory and technological conditions needed to unlock that potential by drawing on lessons from other markets and models across Southeast Asia. It aims to provide a roadmap that sparks dialogue and guides real Group has significantly expanded its digital footprint in recent years, not only by launching cutting-edge platforms such as Kenanga Digital Investing (KDI) and the Rakuten Trade online stockbroking platform, but also through a series of strategic investments and partnerships. This includes a stake in Kinetic DAX Sdn Bhd (KDX), one of the country's first licensed digital asset exchanges, reinforcing its commitment to digital assets and the broader crypto ecosystem. In addition, Kenanga has invested in pioneering fintech and digital finance companies including Helicap Pte Ltd (Helicap) (data-driven private credit), Bay Group Holdings Sdn Bhd (CapBay) (supply chain financing), Merchantrade Asia Sdn Bhd (e-money and remittance services), and entered partnerships with leading technology and payment firms such as Ant Group Co, Ltd. These initiatives demonstrate Kenanga's proactive approach to shaping Malaysia's financial future through innovation, collaboration, and a robust presence in digital and digital asset Capital Pte Ltd is the venture capital arm of Credit Saison; it invests in early stage companies across all verticals, with a focus on fintech, e-commerce and Web is a blockchain-based tokenisation startup founded by Helicap. HELIX enables the issuance of tokenised private credit and alternative Research Ltd is a leading liquidity provider, market maker and algorithmic trader for digital more information about Kenanga Group, please visit Hashtag: #Kenanga The issuer is solely responsible for the content of this announcement. Kenanga Investment Bank Berhad 197301002193 (15678-H) Established for over 50 years, Kenanga Investment Bank Berhad ("The Group") is a leading financial group in Malaysia, offering a wide range of services, including equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending, and trade financing. The Group's digital innovations include the launch of KDi GO, a wealth-centric app, along with game- changing products such as Rakuten Trade, Malaysia's first fully digital stockbroking platform, and Kenanga Digital Investing, an A.I. robo-advisor. Kenanga has garnered multiple awards, including top honours at the Bursa Excellence Awards 2024 and The Edge Malaysia Centurion Club 2023. The Group also secured the Top 20 Overall Excellence and the Niche Cap Excellence Award at the National Corporate Governance and Sustainability Awards 2024. As one of the highest- scoring constituents of the FTSE4Good Bursa Malaysia Index and a Participant of the United Nations Global Compact, Kenanga continues to drive collaboration, innovation, and sustainability in the financial industry. This Press Release was issued by Kenanga Group's Marketing, Communications & Sustainability department.
Zawya
06-08-2025
- Business
- Zawya
Malaysia's US$43 Billion Potential Asset Tokenisation Opportunity
Project Juara charts way forward for all stakeholders to capture tokenisation opportunities and drive financial transformation in Malaysia. KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 6 August 2025 - Kenanga Investment Bank Berhad (" Kenanga Group"), Saison Capital Pte Ltd, Helicap Labs Pte Ltd (" HELIX") and Satori Research Ltd, today announced the release of a white paper that offers insights into the asset tokenisation industry's potential and its significance in driving financial transformation in Malaysia. Titled Project Juara: Malaysia's Asset Tokenisation Opportunity (" Project Juara") and authored by all four parties, it estimates that Malaysia's tokenised asset market could reach US$43 billion by 2030, spanning regulated products such as unit trusts, bonds and sukuk. Project Juara aligns with national interest, particularly in light of the Malaysian Prime Minister, Datuk Seri Anwar Ibrahim's remarks in April 2025 that "with the right steps, Malaysia can position itself at the forefront of this transformation", after discussions on the nation's potential as a major hub for digital assets and the blockchain industry. Against this backdrop, Project Juara charts a way towards building a robust digital asset ecosystem using a call to action and whole-of-nation approach. Traditional financial institutions can act as early adopters and counterparties to asset owners, who in turn create credible investment-worthy products. Equally important are infrastructure providers, government agencies and community leaders whose collective efforts can help shape the future of Malaysia's digital economy to make investing inclusive, equitable and empowering for every Malaysian. The report encourages all parties to recognise that each has a distinct yet interdependent role in creating a progressive capital market landscape. This report highlights the scale of what is possible if we take the right steps today. While digitalisation has enhanced customer interfaces and experience, tokenisation offers a deeper structural reform by reshaping how financial assets are issued, traded and governed. As such, Project Juara dives deep into examining the institutional, regulatory and technological conditions needed to unlock that potential by drawing on lessons from other markets and models across Southeast Asia. It aims to provide a roadmap that sparks dialogue and guides real action. Kenanga Group has significantly expanded its digital footprint in recent years, not only by launching cutting-edge platforms such as Kenanga Digital Investing (KDI) and the Rakuten Trade online stockbroking platform, but also through a series of strategic investments and partnerships. This includes a stake in Kinetic DAX Sdn Bhd (KDX), one of the country's first licensed digital asset exchanges, reinforcing its commitment to digital assets and the broader crypto ecosystem. In addition, Kenanga has invested in pioneering fintech and digital finance companies including Helicap Pte Ltd (Helicap) (data-driven private credit), Bay Group Holdings Sdn Bhd (CapBay) (supply chain financing), Merchantrade Asia Sdn Bhd (e-money and remittance services), and entered partnerships with leading technology and payment firms such as Ant Group Co, Ltd. These initiatives demonstrate Kenanga's proactive approach to shaping Malaysia's financial future through innovation, collaboration, and a robust presence in digital and digital asset markets. Saison Capital Pte Ltd is the venture capital arm of Credit Saison; it invests in early stage companies across all verticals, with a focus on fintech, e-commerce and Web 3.0. HELIX is a blockchain-based tokenisation startup founded by Helicap. HELIX enables the issuance of tokenised private credit and alternative assets. Satori Research Ltd is a leading liquidity provider, market maker and algorithmic trader for digital assets. For more information about Kenanga Group, please visit Hashtag: #Kenanga The issuer is solely responsible for the content of this announcement. Kenanga Investment Bank Berhad 197301002193 (15678-H) Established for over 50 years, Kenanga Investment Bank Berhad (" The Group") is a leading financial group in Malaysia, offering a wide range of services, including equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending, and trade financing. The Group's digital innovations include the launch of KDi GO, a wealth-centric app, along with game- changing products such as Rakuten Trade, Malaysia's first fully digital stockbroking platform, and Kenanga Digital Investing, an A.I. robo-advisor. Kenanga has garnered multiple awards, including top honours at the Bursa Excellence Awards 2024 and The Edge Malaysia Centurion Club 2023. The Group also secured the Top 20 Overall Excellence and the Niche Cap Excellence Award at the National Corporate Governance and Sustainability Awards 2024. As one of the highest- scoring constituents of the FTSE4Good Bursa Malaysia Index and a Participant of the United Nations Global Compact, Kenanga continues to drive collaboration, innovation, and sustainability in the financial industry. This Press Release was issued by Kenanga Group's Marketing, Communications & Sustainability department. Kenanga Investment Bank Berhad
Entrepreneur
19-06-2025
- Business
- Entrepreneur
Techfino Raises INR 65 Cr from Stellaris Venture Partners and Saison Capital
The fresh funds will be used to expand its secured lending business focused on micro, small and medium enterprises (MSMEs), particularly in tier II and tier III cities across India. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Bengaluru-based non-banking financial company (NBFC) Techfino has raised INR 65 crore in fresh funding from Stellaris Venture Partners and Saison Capital. The fresh funds will be used to expand its secured lending business focused on micro, small and medium enterprises (MSMEs), particularly in tier II and tier III cities across India. The startup plans to deploy the capital to grow its branch network, enhance its technology platform, and scale its Loan Against Property (LAP) offerings for underserved micro-businesses. With this strategic move, Techfino aims to deepen its presence in underpenetrated markets and address the significant credit gap in the MSME sector. Rajesh Panda, Co-founder of Techfino, said, "Out of the 640 million registered MSMEs in India, 390 million are not part of the formal credit economy. This segment, especially in rural and semi-urban markets, generates an estimated quarterly demand of INR 200,000 crore. With limited presence of banks and large NBFCs in this space, we are leveraging our underwriting expertise and tech-enabled collections infrastructure to bridge this gap." Founded in 2019 by banking veterans Rajesh Panda (ex-Standard Chartered), Jayaprakash Patra (ex-ICICI Bank and ING), and Ratikant Satapathy (ex-Bajaj Finance), Techfino offers secured loans (LAP) to MSMEs and also education loans through a B2B2C model in partnership with education service providers. The company currently operates across Karnataka, Gujarat, Madhya Pradesh, and Andhra Pradesh, and has maintained profitability since inception. Highlighting the role of technology, Co-founder Ratikant Satapathy said, "Our internally developed tech platform integrates multiple APIs to verify underwriting data, resulting in faster loan processing, better risk assessment, and improved operational efficiency." Ritesh Banglani, Partner, Stellaris Venture Partners, said, "Techfino has shown that it is possible to build a profitable lending business in a high-risk segment through strong underwriting and full tech enablement. We are excited to support them in their mission to empower millions of MSMEs." To date, Techfino has disbursed over 1 lakh loans and crossed INR 200 crore in Assets Under Management (AUM). With this funding, the company plans to double its branch network, scale loan disbursements, and build a significant footprint in secured MSME lending over the next 3–5 years.
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Business Standard
18-06-2025
- Business
- Business Standard
Techfino raises ₹65 crore to expand MSME lending in smaller cities
Techfino to use fresh funding from Stellaris and Saison Capital to scale secured loans, expand branches, and boost tech-led lending in underserved MSME markets Peerzada Abrar New Delhi Listen to This Article Techfino, a tech-enabled non-banking financial company, has raised ₹65 crore in a funding round led by Stellaris Venture Partners and Saison Capital, the venture investment arm of Tokyo-listed Credit Saison Co. The Bengaluru-based lender said it will use the fresh capital to broaden its branch network, enhance its technology infrastructure and scale its secured lending operations. There is also a focus on micro, small and medium enterprises (MSMEs) in India's underserved Tier II and III cities. Founded with an emphasis on asset-backed lending, Techfino specialises in loans against property (LAP), operating primarily through a branch-led model. The company currently maintains
Economic Times
18-06-2025
- Business
- Economic Times
Secured lending NBFC Techfino secures Rs 65 crore funding
Bengaluru-based non-banking finance company Techfino has raised Rs 65 crore in an equity funding round led by Stellaris Venture Partners and Saison Capital, which is the venture arm of Japanese consumer finance major Credit Saison. Founded in 2019, Techfino had raised around Rs 18 crore till now from DCB Bank and others. Techfino was started by three senior bankers, Rajesh Panda, Ratikanta Satpathy and Jayaprakash Patra, who worked with the likes of Standard Chartered Bank, HDFC Bank, ICICI Bank and Bajaj Finance. Techfino started with funding fees for coaching classes and school fees, higher education and upskilling courses. The company has recently started offering loans against property to small business establishments as its second line of product. The plan is to scale up this second line of business in the coming months, tapping into the growing demand for small business company has a book of Rs 225 crore, which it wants to scale up to Rs 350 crore, with Rs 200 crore AUM being built in the LAP portfolio. For the secured loan business, Techfino leverages a branch-led model in states across Karnataka, Andhra Pradesh, Madhya Pradesh and Gujarat. It has 30 branches currently, which the company wants to double by FY26.'We will offer loans in the range of Rs 8 to 12 lakh, typically looking for self-occupied property, catering to the needs of small shopkeepers, traders,' said Ratikanta Satpathy, cofounder, Techfino. From the current base of around 400 employees, Techfino wants to scale up its branch presence and also increase its headcount to around 600 by the end of this year. The firm closed FY25 with a total revenue of Rs 34 crore and a profit before tax of Rs 1.5 crore.
