Archive guide: 25 July 2026. This introduction covers the IEO route and earlier published examples.
The Securities Commission's Guidelines on Digital Assets, revised on 19 August 2024, establish requirements for initial exchange offerings. In March 2022, the SC registered Pitch Platforms and Kapital DX as IEO operators.
This is one defined fundraising route. Other securities structures have their own requirements; the IEO rules should not be treated as a universal description of every tokenised capital-market product.
Published examples
BidNow's pitchIN campaign raised RM10 million from 469 investors in 2024, according to the contemporary report.
KLDX's i-INT announcement described a RM150 million Shariah-compliant fixed-income programme and a fully subscribed RM29 million first tranche. A programme's headline size and an individual offering's applicable fundraising limits are different matters.
A January 2025 report described $BID listings on Hata Global and Coinstore. A listing does not guarantee liquidity or an exit price. The platform, jurisdiction and investor eligibility must be checked separately; a reference to Hata Global should not be read as a statement about Hata Malaysia's SC-regulated market.
Before proceeding
Discuss the proposed token, issuer eligibility, disclosures, custody arrangements and applicable limits with the registered platform. Use the version of the rules applicable to the intended offering, rather than assuming every tokenised raise follows the same structure.