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General

KLDX is an Initial Exchange Offering (IEO) platform regulated and registered with the Securities Commission Malaysia (SC). We democratise investors’ access to private market assets and help businesses raise funds up to RM100 million through the issuance of security tokens / digital securities.

Investors will have the opportunity to invest in tokens representing interests in a broad range of private market assets such as equity in a company, fixed income, private equity funds, venture capital funds and other financial securities.

Security tokens / digital securities are financial securities issued and managed on a blockchain or distributed ledger technology platform. These securities represent ownership or investment in real-world assets, similar to traditional securities like fixed income, shares, venture capital or private equity funds and other financial securities (‘asset classes’).

The digitisation of these securities involves representing the ownership and related rights of these asset classes on a blockchain in an immutable and secure manner. 

Security tokens are recognised as securities under the Capital Markets and Services (Prescription of Securities)(Digital Currency and Digital Token) Order 2019, the same way as traditional securities, such as shares and bonds.

The types of digital securities available on KLDX include private equity, private debt, funds, real estate and more offered by growth-stage companies, unicorns, pre-IPO companies, and more.

Private Equity:

Provide capital to a private company in exchange for equity ownership or other rights in the company.

Learn more here

Private Debt:

Lend money to a private company with the expectation that the company will pay back the investment with interest. This is referred to as private debt.

Learn more here

Private Funds:

Invest in private funds that exist outside the public markets and gain access to investment management techniques not available in the public markets. Examples of private funds include private equity funds and venture capital funds.

Learn more here

ESG and Sustainability Investing:

Invest towards influencing positive changes for a sustainable future.

More specifically, financial assets that have an environmental, social and governance focus that are verifiable by a standard setting body.

Learn more here

 

Private markets offer unique and exciting investment opportunities in a wide range of assets such as shares in a company, fixed income, venture capital or private equity funds and other financial securities (‘asset classes’) that are not available in the traditional stock market.

 

Generally, the private markets are not as widely known or talked about as the public markets due to the fact that many—with the exception of corporate investors and the very wealthy—are excluded from participating in them.

 

But this is exactly where KLDX is different. We enable all types of individual investors— including sophisticated, angel, and retail—as well as corporate investors access to private market investing in a safe, well-regulated, and customer-centric platform.

To learn more about private markets, click here

You can start by signing up and registering as an Investor on KLDX’s website (www.kldx.com), which is free for everyone.

Once you have done that, you can simply log in to your Investor Account and view the investment opportunities that are available.

No, KLDX does not offer cryptocurrencies.

Digital securities are a digital version of financial securities, i.e. equity, debt, funds, or other investment assets.

They represent rights such as ownership, repayment of a debt/loan together with a financial return or cash flows that are recorded on the blockchain.

In contrast, a cryptocurrency is designed to be used as currency, money, or payment method.

Key features of the digital securities include: – 

  1. Regulatory Compliance
    Digital securities are subject to securities regulation, ensuring investor protection and transparency.
  2. Ownership Rights
    The digital securities represent ownership and rights in the underlying assets, such as shares in a company, real estate, or entitlement to a portion of profits generated by the investment.
  3. Smart Contracts
    Utilise smart contracts for automated processes, including dividend distribution, voting rights and more.
  4. Fractional Ownership
    Digital securities enable fractional ownership, allowing investors to own a portion of high-value assets.
  5. Transparency
    Blockchain provides a transparent and immutable ledger of transactions, enhancing trust and reducing the risk of fraud.

At present, KLDX does not accept payment in the form of cryptocurrencies or other digital assets.

We screen offerings using our selection and review process below:-

1. Sourcing Opportunities

We actively source for investment opportunities using our seasoned capital market experts’ experience and networks.

2. Initial Screening

We look for strong positive signals of companies guided by our quantitative and qualitative listing framework.

3. Due Diligence

After we determine that a business is a good fit, we kick-off the formal due diligence process.

4. Final inspection

Provided all criteria have been met by the Issuer and approved by our Listing Committee, only then will we list an Issuer on our KLDX platform.

Once there is an upcoming offering, we will send out information about the offering via email to investors registered with us.

If you require any further information about the offerings, you may reply to the email or drop us an email at info@kldx.com

As of Date, there are no late payment or defaults.

  1. Kapital DX Sdn. Bhd (“KLDX” or t he “Company”) is committed to providing efficient service to all our issuers and investors (“Participants”). Managing customer experience is an integral part of our business. We aim to ensure that any concerns are dealt with promptly and fairly. We seek to maintain our reputation as an organisation delivering efficient services, ensuring that complaints handling awareness is part of our culture and that treating Participants fairly is fully embedded throughout all areas of the business. 
  2. Any complaints relating to any misconduct by any party relating to participation on the KLDX Platform or a breach of any of our Platform Terms and Conditions or any KLDX Requirements may be submitted to support@kldx.com.  Complaints must be fully substantiated with evidence and sufficient level of detail to enable a comprehensive investigation by KLDX. 
  3. All complaints received by us shall be reviewed and investigated in accordance with our Complaint Handling Policy and such action as we deem appropriate will be taken based on our findings on the matter. 

For Investors

When you invest on the KLDX platform, you provide money in exchange for a financial stake in a business, fund or project. That financial interest is bound by an agreement between you and the business, fund or project raising money.

Upon investing in a product offered on KLDX, you will receive digital securities in your wallet instead of share certificates or fixed income certificates or any form of paper certificate as evidence of your financial interest in the asset. The ownership and related rights of these asset classes are recorded on a blockchain in an immutable and secure manner.

To qualify as an individual investor, you must be 18 years of age or older and pass our verification process.

For corporate investors, please refer to Q5 on the documents required to onboard as a corporate investor.

As part of our obligations to the Securities Commission Malaysia (SC), we are required to conduct KYC* and AML** checks to prevent money laundering and other abuses from occurring on our platform.

* KYC (Know Your Customer) is a standard in the investment industry, which ensures we can verify an investor’s identity and know his or her investment knowledge and financial profile.

**AML (Anti Money Laundering) checks refer to measures or controls aimed at uncovering efforts to disguise illicit funds as legitimate income through Malaysia’s financial system

To onboard as a Malaysian-based corporate investor, you will need the following documents, among others:

1) Constitution / Memorandum and Articles of Association

2) Notice of Registration and Certificate of Incorporation (Section 15 & Section 17) / Form 9

3) Certification of Incorporation on Change of Name of Company (Section 28 / Form 13)

4) Latest Notice of Registered Office (Section 14 / Form 44) / Latest Notification of Change in the Registered Address (Section 46(3))

5) Latest particulars of Directors, Managers and Secretaries (Section 14, Section 58 & 236(2) / Form 49)/ Particulars of Directors / Officers or Notification of Change in the Register of Directors, Managers and Secretaries

Contact us at support@kldx.com should you need help to be onboarded as corporate investor, including corporate investors from outside of Malaysia

To onboard as an individual investor, you simply need to submit the front and back copy of your NRIC or your passport (for foreigners).

Additionally, you would also need to submit your unedited selfie video during the KYC check.

At KLDX, investments are structured in many different ways. Potential returns correspond with the businesses’ unique offerings.

Some returns on investments will be paid out as a once-off while others will have recurring payments.

For the exact rights and returns you will receive, please refer to the White Paper published by the Issuer of the IEO Project.

 

As with all types of investments, there are risks associated with investing in digital securities. While some investments succeed and can bring substantial upsides to investors, some may not perform well.

At KLDX, we work hard to ensure that each applicant Issuer undergoes stringent due diligence checks and critical assessment, before they are approved to make offering on the KLDX platform.

Read more about investment risks here.

 

To sign up as an Investor on KLDX, simply follow the steps below:

1) Go to https://www.KLDX.com and click “Sign Up” as an Investor

2) Sign up with either your email address or with an existing Google account

3) Fill in your details as required on the online forms

4) Click on the verification link sent to your email address

5) Log in to your Investor Dashboard with the credentials you have just created

6) Complete your profile, from personal details all the way to declaration.

7) Once completed, you will be directed to your Investor Dashboard

Any individual or corporate entity can register to become an investor on KLDX.

You can be any one (1) of the three (3) investor types on KLDX, with the following investment limits:

1) Sophisticated Investor:

Definition:
– Net personal asset more than RM3 million (excluding residence); OR
– Gross annual income of more than RM300,000; OR
– Jointly with spouse, gross annual income more than RM400,000

Investment limit: No restriction on investment amount

2) Angel Investor

Definition:
– An individual who is a tax resident in Malaysia; AND

– Net personal assets more than RM3 million; OR
– Gross annual income of more than RM180,000; OR
– Jointly with spouse, gross annual income of more than RM250,000

Investment limit: A maximum of RM500,000 within a 12 month period

3) Retail Investor

Definition:
– Any person who is not a sophisticated investor or an angel investor.

Investment limit: A maximum of RM2,000 per issuer with a total investment limit not exceeding RM20,000 within a 12-month period

Yes, you can.

However, the registration process for an Institutional Investor will be different.

Contact us at support@kldx.com for assistance to be onboarded as an Institutional Investor, including Institutional Investors from outside of Malaysia

Yes, you can take into consideration your assets outside of Malaysia.

Yes, you will be able to invest in products listed on KLDX but subject to your country restrictions with regard to overseas investments.

You will also need to provide the appropriate documentation so that we can verify your identity pursuant to our KYC as part of the account opening process.

Signing up on the KLDX platform is always free.

The fees payable by investors will be set out in the whitepaper accompanying the digital security made available for subscription

We have put in place the following investor safeguard measures:

Pre-Listing

– Know Your Customer (KYC) & Anti-Money Laundering (AMLA) checks on all Issuers
– Due diligence and critical assessment on every Issuer facilitated by reputable law firms and financial advisers

Post-Listing

– Reporting requirements of each Issuer including status of project, status of utilisation of IEO proceeds, latest audited financial statements
– The monitoring of corporate activities and developments for each Issuer to ensure their ongoing compliance with our Listing Rules

As part of the critical assessment and due diligence review conducted by KLDX, the Issuers shall undergo our credit assessment before their investment notes can be made available to our investors. A standard set of company and financial documents of the Issuer will be assessed by KLDX together with the credit reports from the credit rating agencies and/or credit bureaus. We also schedule site visits to the issuer’s business premises, if required.  Where necessary, we also refer to other available analytical tools/ reports to supplement our assessment.

 

For more information on the existing risk scoring mechanism used, please click on the following link: https://www.marconline.com.my/site/page?view=methodologies

All monies belonging to investors and issuers are kept in a segregated trust bank account operated by an independent trustee registered with the SC.

This is to ensure that all funds belonging to investors and issuers are safeguarded at all times. 

 

It is important to note that all funds belonging to the investor / issuer are held in investor / issuer segregated accounts with our banking partner, a fully licensed Malaysian bank. This means Investor funds are kept secure, independent of our operations at KLDX.

In the unlikely event of a cessation of KLDX’s business, arrangements will be made with a service provider to take over KLDX’s roles and obligations, including :

(a) facilitate payments between our Investors and Issuers;

(b) facilitate Investor’s instruction for the withdrawal of funds from the trust account; and

(c) facilitate handling of the digital securities

A default occurs when an Issuer fails to meet their financial obligations when they fall due or breaches the terms and conditions of the investment. For projects with specific payment terms, any payment delays would constitute a default. In addition, where an Issuer has been wound up, ceases to carry on its business or has a receiver or manager appointed, these events would also usually constitute a default under the terms governing the tokens. Events of Default for each issuance is specified in the respective White Paper.

When there is a default, a 30-day remediation period is given to Issuers to fulfil overdue payments, failing which, a Tokenholders Meeting will be held to get tokenholders’ decision on whether to extend the remediation period, or to call for an Event of Default. Depending on the nature of the default, feasibility, nature of security for the Tokens, issuer’s circumstances, factors such as the severity of default, potential for recovery, and impact on tokenholders, KLDX may evaluate and propose the following options for tokenholders’ decision. 

  • Restructuring
  • Selling of assets
  • Appointing a Receiver and Manager 
  • Legal Action

After the 30 days remediation period, if the overdue payment is still not paid, KLDX will call for a Tokenholders’ Meeting. Tokenholders will receive a notice by email providing information on the meeting as well as instructions on what to do before the meeting (such as registering on our partner’s e-voting platform).

On the meeting date, Tokenholders can then join the session and vote on the action to be taken, including whether to call for an Event of Default, agreeing to a restructuring proposal from issuer or any other proposed solutions, depending on the information provided in the email and during the session. The decision to call for an Event of Default requires Tokenholders’ approval by special resolution (passed at a meeting of tokenholders carried by a majority comprising not less than 75% of tokenholders present and voting).

If an Event of Default is declared, KLDX will then oversee and coordinate discussions with the Issuer and/or any other relevant parties to facilitate a fair, transparent, and efficient resolution. We will then convene another Tokenholders’ Meeting to discuss the options for the next steps that can be taken and for a decision on the preferred action. Tokenholders are encouraged to stay informed about the situation and actively participate in the decision-making process during and after the remediation period.

Each and every issuance that is eligible to be listed on our platform has undergone due diligence and critical assessment, based on both financial and non-financial parameters. However, regardless of the controls put in place, business and economic risks, amongst others, could result in delays or failure in payments.

When an event of default is declared, KLDX will undertake a discussion with the Issuer and/or any other relevant parties on the feasible actions that can be taken. Amongst the actions that can be taken are:

  1. Restructuring of the outstanding amounts
  2. Appointment of Receiver and Manager
  3. Recovery from Sale of Securities
  4. Litigation
  5. Any other solutions which may be feasible 

 

Restructuring of the Project

If a restructuring is proposed, this could mean a restructuring of the amount, tenure or other terms of payment of the amounts outstanding. The restructuring proposal could also involve other elements, depending on whether third parties are involved, whether there are new assets being injected or provided as security or repayment by other means.  

Restructuring is a way to help the recovery process on defaulted payments and to increase the possibility of collections from the Issuer, compared to the process of litigation which is typically more lengthy and costly with no certainty of actual recovery of the payments due. 

Appointment of Receiver and Manager

Where there is a debenture provided as security over the business, a Receiver and Manager (R&M) may be appointed to take possession and control over, collect and sell the company’s assets and/or to carry on and manage the company’s business. A R&M would only be appointed if upon evaluation, the business is still viable to continue. 

Recovery from Sale of Securities

Where there are assets charged to secure the project, the charged assets may be sold to recover the outstanding amount owed to the tokenholders.

The proceeds recovered shall be held on trust for the tokenholders and applied in the following manner:

(a) First, in or towards the payment of fees, costs, charges and expenses;

(b) Second, in or towards the payment of taxes payable in connection with the project;

(c) Third, in or towards payment pari passu and rateably of all unpaid coupon/profit/dividend payments and late payment charges in respect of the project;

(d) Fourth, in or towards payment pari passu and rateably of all principal amounts due and unpaid in respect of the project; and

(e) Fifth, in payment of the surplus (if any) to the Issuer or other person entitled under law

It is necessary to note that recovery from sale of charged assets is a lengthy process and may involve additional cost from various parties. The proceeds recovered may also not fully cover tokenholders’ outstanding amount.

Legal Action

In the event all other options are not feasible, we may, upon instructions by the tokenholders at a tokenholders’ meeting, may commence legal proceedings in court against the Issuer. This process is costly and does not guarantee a recovery. 

Undertaking a legal action will incur fees. For certain projects, we may require that the Issuer deposit a sum of money in an account to be used strictly by the Investment Note Agent in carrying out its duties in the event of an event of default or the enforcement of rights and remedies in relation to recovery. Where this is insufficient or if there is no such reimbursement sum provided by the Issuer for the particular project, we will request for a proportionate contribution towards such legal fees and charges from tokenholders. Such contribution to legal fees, once approved by a tokenholders’ meeting, may be apportioned according to investor’s percentage holdings of the tokens and deducted from investors’ accounts accordingly. 

The duration of the recovery process varies based on factors such as the complexity of the default, legal processes involved, and the cooperation of involved parties. Tokenholders will be kept informed of the progress throughout the recovery process.

For further assistance or clarification, Tokenholders can contact our customer support team at support@kldx.com or refer to the announcements of the respective Issuers on our platform.

The main currency for investments on the KLDX platform is the Malaysian Ringgit.

We do not accept any other currency at the moment.

To make a deposit into your Investor wallet, simply do the following:

1) Log in to your Investor Dashboard here

2) Go to “Wallet Details”

3) Click “Top Up”

4) Enter the amount you would like to top up

5) Click “Next”

6) You will be directed to an iPay88 payment gateway

7) Complete the following steps until you are directed back to your Investor Dashboard

The (indicative) returns on investment differs from Issuer to Issuer and by the type of investment opportunity.

Further details on the (indicative) returns may be found in the White Paper published by the Issuer for each IEO Project.

Yes, Investors are charged up to 1.5% of the subscription amount. However, effective 18 April 2023, this fee is waived for all investors until further notice.

Yes, a dividend and coupon distribution fee of up to 2% of the distributed amount is charged to Investors. This fee is deducted from the amount received.

Yes, the service fee imposed up to 2% of the amount received by investors from the Issuer other than dividends and coupons.

Coupon, profit and dividend payments will be deposited directly into your KLDX Wallet. 

It could take up to two business days for funds transferred to be reflected in your KLDX account.

Submission of withdrawal request can be done via KLDX investor portal. You will need to add in your bank account details before you make a withdrawal.

Generally, funds withdrawn from your KLDX account will be credited into your bank account within one (1) to two (2) business days.

However, it may take up to fourteen (14) business days if your bank account is out of Malaysia. 

We don’t charge any fee for deposit or withdrawal of funds into / from your KLDX account. However, bank fees/ charges may be applicable on outward funds transfer, inward funds transfer and / or telegraphic transfer. Please refer to your bank on queries related to bank fees/ charges. 

We don’t limit the amount you can deposit or withdraw from your account. However, the banks and e-wallets may impose limits on the transfer of funds. Please check directly with your bank or w-wallet providers on queries related to the daily transfer limit. 

No. We do not accept funds from third-party bank accounts/ e-wallets. You can only fund your KLDX account with your own bank account/ e-wallet (the bank/ e-wallet account holder name must match with the name of your KLDX account).

Any transfers using third-party accounts will be rejected by KLDX. 

No. You can only withdraw your funds to your own bank account (the bank account holder name must match with the name of your KLDX account). 

Any withdrawal of funds to third-party’s bank accounts will be rejected by KLDX.

Account & Profile

To reset your password, go to the Investor login page on www.KLDX.com and follow the steps below:

1) Click on ‘Forgot Password’
2) Enter your registered email address
3) Click on the password reset link sent to your email inbox.

Feel free to contact support@kldx.com should you need further assistance

We can assist. Simply email support@kldx.com for further assistance

To update your mobile number:

1) Log in to your Investor Dashboard
2) Click on “Settings”
3) Key in your new mobile number
4) Click on “Save”
5) Verify your new mobile number by keying in the six (6) digit one-time password (OTP) sent to your new mobile number

To update your email address:

1) Log in to your Investor Dashboard
2) Click on “Settings”
3) Key in your new email address
4) Click on “Save”
5) Verify your new email by clicking on the link sent to your email address

Should you suspect someone has gotten control of your account, simply email support@kldx.com for further assistance.

To change your transaction pin, simply

1) Log in to your investor dashboard
2) Click on “Settings”
3) Go to “Account Maintenance”
4) Go to Transaction Pin and click “Change”
5) Key in your current pin and new pin
6) Finally, key in your new pin again to confirm

We can assist. Simply email support@kldx.com for further assistance

To change your residential address, simply:

1) Log in to your Investor Dashboard
2) Click on “Settings”
3) Go to “Personal Details”
4) Key in your new residential address
5) Click on “Save”

To provide all KLDX users with an additional layer of security, especially when initiating deposit and withdrawal transactions, we require 2-factor authentication.

The Google Authenticator application generates 2-Step Verification codes on your mobile phone. 2-Step Verification provides stronger security for your KLDX account by requiring a second step of verification when you sign in.

In addition to your password, you will also need to key in a code generated by the Google Authenticator application on your mobile phone.

KLDX will be ready to assist.  Please email support@kldx.com for further assistance

In order to set a strong password, KLDX recommends that your password:

• contains at least one letter
• contains at least one number
• be at least 8 characters long

Your password must not contain any blank spaces.

For Issuers

You can start by signing up as a business on our website here

Once that is done, our Commercial team will contact you to better understand your requirements and offering process.

Should you be shortlisted to proceed further, we will guide you on the next steps on what is required for you to get your fundraising proposal started.

We welcome eligible companies, including growth-stage companies, subsidiary of listed companies and pre-IPO companies from across a wide range of industries, such as e-commerce, big data, logistics, real estate, circular economy, social-impact driven, healthcare and more.

An IEO can typically take anywhere from 6 to 8 weeks to complete, from the point of the Issuer submitting the Listing Application to KLDX. However, this timeline is also subject to the issuer’s promptness in provided the required information to the platform.  .

The maximum amount of funds permitted to be raised on KLDX is twenty (20) times of its shareholders’ funds subject to a ceiling of RM100 million in any 12-month period.

To be able to raise funds on the KLDX Platform, you need to meet, amongst others, the following requirements:

Company:
– Malaysian-incorporated (excluding an exempt private company and public-listed company)
– Unlisted subsidiary or special purpose vehicle (SPV) of a public-listed company may qualify
– Sound business model with strong growth prospects

Capital:
– Minimum shareholders’ funds of RM500,000

Director:
– At least two (2) directors whose principal or only place of residence is in Malaysia

White Paper:
– Submission of disclosure document (“White Paper”) to KLDX

For further information, please refer to the KLDX Listing Rules.

 

Issuers are charged a one-time application processing fee of RM50,000 for each fundraise.

A distribution fee, payable by the Issuer, of up to 1% of the total distribution given to the Investors.

Yes, KLDX charges a custody fee of up to 0.1% of the market capitalisation of the tokens listed.

Yes, Issuers are charged an annual fee of up to 0.1% of the market capitalisation, subject to a minimum of RM 20,000.

It would cost up to 5% of the funds raised on the KLDX Platform. This distribution fee is born by the issuer.

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