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KLDX unveils first initial exchange offering platform

18 Apr 2023 | The Star

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PETALING JAYA (APR 17): Kapital DX Sdn Bhd (KLDX) has launched the first Initial Exchange Offering (IEO) Platform in Malaysia which is regulated by the Securities Commission (SC).

This move will provide new opportunities for investors in the private markets.

“We are excited to launch the KLDX IEO platform, an innovative solution that empowers companies to raise funds in a cost-effective and efficient manner, while also democratising investor access to private market assets on a trusted platform regulated by the SC,” Selvarany Rasiah, founder and CEO of KLDX said in a statement yesterday.

“Our platform aims to create a more inclusive investment landscape, allowing investors to diversify their portfolios and generate greater wealth through investments in private market assets, such as equity shares in private companies, private debt, private funds, real estate and alternatives,” he added.

For companies that are looking to raise money, the KLDX IEO platform will provides easier access to capital at a lower cost and faster time to market, according to the statement.

This, it said, would enable companies to raise capital more efficiently, thus allowing them to focus on their core business operations and drive innovation.

The platform is powered by blockchain technology, which will help to ensure a high level of security and transparency for all participants.

“We understand the challenges that corporates, including startups and small and medium enterprises face in accessing capital. Our goal with the platform is to make the fundraising process easier.

“By leveraging the power of digital assets and blockchain technology, we aim to democratise access to capital and promote economic growth through innovation,” said KLDX’s chairman Datuk Seri Nik Norzrul Thani.

“We believe that this will contribute to Malaysia’s overall economic growth and development by empowering these companies to pursue their growth ambitions and create attractive investment options for investors,” he added.

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