[{"data":1,"prerenderedAt":115},["ShallowReactive",2],{"/blog/kldx-launches-first-ieo-platform-2023":3},{"id":4,"title":5,"author":6,"authorPic":7,"body":8,"category":104,"coverPics":18,"date":105,"description":106,"extension":107,"meta":108,"navigation":109,"path":110,"seo":111,"stem":112,"type":113,"__hash__":114},"blogs/blog/kldx-launches-first-ieo-platform-2023.md","KLDX switches on Malaysia's first regulated IEO platform","Malaysia Blockchain Association Team","https://api.dicebear.com/7.x/avataaars/svg?seed=mba-team-3",{"type":9,"value":10,"toc":95},"minimark",[11,19,22,41,46,53,57,60,63,68],[12,13,14],"p",{},[15,16],"img",{"alt":17,"src":18},"Raising with tokens","/img/blog/gen/kldx-launches-first-ieo-platform-2023.svg",[12,20,21],{},"A year after registration, the first regulated token-fundraising venue in Malaysia is open for business.",[12,23,24,28,29,32,33,36,37,40],{},[25,26,27],"strong",{},"Kapital DX (KLDX)"," has launched Malaysia's first SC-regulated ",[25,30,31],{},"Initial Exchange Offering platform",", enabling issuers to raise up to ",[25,34,35],{},"RM100 million"," from retail, sophisticated and angel investors through ",[25,38,39],{},"asset-backed digital tokens"," — spanning equity, fixed income and funds.",[42,43,45],"h2",{"id":44},"institutional-backing-from-day-one","Institutional backing from day one",[12,47,48,49,52],{},"Government-backed ",[25,50,51],{},"Malaysia Debt Ventures (MDV)"," has taken an equity stake in Kapital DX and signed an MOU to list a fund on the platform — a notable vote of confidence from a state financier in tokenised capital markets.",[42,54,56],{"id":55},"why-asset-backed-is-the-headline","Why \"asset-backed\" is the headline",[12,58,59],{},"KLDX's positioning is deliberately conservative: not meme coins, but tokenised versions of instruments the market already understands — equity, sukuk-style fixed income, fund units. The pitch to issuers is faster, fractionalised fundraising; the pitch to investors is access to deals that used to be institutional-only.",[12,61,62],{},"The association has argued since the 2020 guidelines that Malaysia's token-fundraising regime would live or die on credible first movers. With KLDX live and pitchIN's token platform in the works, 2023 is the year the theory gets tested.",[64,65,67],"h3",{"id":66},"references","References",[69,70,71,81,88],"ul",{},[72,73,74],"li",{},[75,76,80],"a",{"href":77,"rel":78},"https://www.thestar.com.my/business/business-news/2023/04/18/kldx-unveils-first-initial-exchange-offering-platform",[79],"nofollow","The Star — \"KLDX unveils first Initial Exchange Offering platform\" (18 Apr 2023)",[72,82,83],{},[75,84,87],{"href":85,"rel":86},"https://www.freemalaysiatoday.com/category/business/2023/04/17/kldx-launches-malaysias-first-initial-exchange-offering-platform",[79],"Free Malaysia Today — \"KLDX launches Malaysia's first Initial Exchange Offering platform\" (17 Apr 2023)",[72,89,90],{},[75,91,94],{"href":92,"rel":93},"https://www.mdv.com.my/v3/mdv-enters-initial-exchange-offering-market-with-investment-in-kapital-dx/",[79],"Malaysia Debt Ventures — \"MDV enters Initial Exchange Offering market with investment in Kapital DX\"",{"title":96,"searchDepth":97,"depth":97,"links":98},"",2,[99,100],{"id":44,"depth":97,"text":45},{"id":55,"depth":97,"text":56,"children":101},[102],{"id":66,"depth":103,"text":67},3,"News","2023-04-18","Kapital DX goes live as Malaysia's first SC-regulated Initial Exchange Offering platform for asset-backed digital tokens, with Malaysia Debt Ventures taking an equity stake.","md",{},true,"/blog/kldx-launches-first-ieo-platform-2023",{"title":5,"description":106},"blog/kldx-launches-first-ieo-platform-2023","blog","QxJoeAo6jFHaO_GXCNb_aNsOGD3XydAJetDPyHXOQMs",1784183599980]