The final piece of Malaysia's regulated digital asset stack just clicked into place.
CoKeeps Sdn Bhd, led by co-founder Suhanna Husein, has become Malaysia's first fully qualified Digital Asset Custodian (DAC) after receiving the Securities Commission's approval. The qualification caps roughly three years of building the custody solution under SC guidance since the custodian framework was created in October 2020.
What CoKeeps offers
The approval allows CoKeeps to provide regulated third-party safekeeping of digital assets to institutions, built on its proprietary CoKeeps Wallet: multi-party computation (MPC) key management, cold wallets, API-accessible hot wallets and smart contract solutions.
Why this is a structural moment
Exchanges (since 2019), token fundraising platforms (since 2022) and now qualified custody — the three institutional pillars of a digital asset market all exist in regulated form in Malaysia. Custody is the one institutions ask about first: funds, corporates and token issuers cannot hold client assets on a laptop, and until today there was no fully qualified domestic answer.
The association congratulates the CoKeeps team on a milestone that was harder and slower than it looks from outside — and matters more.