Malaysia’s Leap into Blockchain
Kenanga’s Tokenized Funds Arrive
Malaysia just took a bold step forward in finance. Kenanga Investment Bank teamed up with the Stellar Development Foundation to launch the country’s first tokenized money market funds. This happened on February 26, 2026.
A New Platform Called Myrra
Kenanga introduced Myrra, a simple web-based platform built on the Stellar blockchain. It tokenizes real-world assets like funds. Investors can now buy or sell digital tokens that match units in the Kenanga Money Market Fund (KMMF) and the Kenanga Islamic Money Market Fund (KIMMF). Each token equals one fund unit on a 1:1 basis.
Why This Matters for Everyday People
These funds offer safe cash management options. The Islamic version suits Shariah-compliant needs. Blockchain brings faster trades, better transparency, and easier access. No more long waits or complex paperwork. More Malaysians can join in without losing regulatory protection.
Leaders Share Their Excitement
Datuk Chay Wai Leong from Kenanga called it a major push for digital innovation in markets. Datuk Ismitz Matthew De Alwis highlighted efficiency gains while keeping rules strong. Jose Fernandez da Ponte from Stellar praised it as a way to make finance more inclusive worldwide. The news broke at Blockchain Summit 2026 during Japan Fintech Week.
What’s next?
This move opens doors for broader participation in Malaysia’s growing tokenized asset space. It could reach billions in value soon. Lumexo wallet offers easy, fast trade in the Stellar ecosystem, making it simple for anyone to get started with these new opportunities.
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