PETALING JAYA (Feb 26): Kenanga Investment Bank Bhd (Kenanga Group) partnered with Stellar Development Foundation to launch the first tokenised money market funds in Malaysia. According to press release, the Stellar blockchain also hosts Franklin Templeton’s Benji token, a tokenised US Treasury money market fund primarily used by institutional users for on-chain settlement and peer-to-peer transfers. The inaugural deployment on the Myrra platform is the tokenisation of the Kenanga Money Market Fund and Kenanga Islamic Money Market Fund managed by Kenanga Investors Bhd (KIB). The two funds represent the first tokenised unit trust funds to go live within the Malaysian market. By tokenising its Malaysian ringgit money market funds, Kenanga Group is bringing money market products directly to a broader segment of Malaysian investors, enabling the purchase or selling of tokens directly on Myrra’s web portal.

Source: The Edge Markets February 26, 2026 06:44 UTC