Kenanga Group has introduced tokenised versions of two Malaysian money market funds on the Stellar blockchain, in a first for the market.
Kenanga Investment Bank Berhad has launched Malaysia’s first tokenised unit trust money market funds through a new platform called Myrra. The inaugural offering includes the Kenanga Money Market Fund (KMMF) and the Kenanga Islamic Money Market Fund (KIMMF), both managed by Kenanga Investors Berhad. The funds have been tokenised on the Stellar blockchain, allowing investors to transact digital representations of fund units via the Myrra web portal. Each token is issued on a 1:1 basis, rep