24/09/2026
Today at LIDAC 2026, we signed an Intent to Collaborate (ItC) with Luno and Kenanga Group to explore UMYR, a Ringgit-pegged stablecoin issued by Luno Malaysia as an on-chain settlement instrument for tokenised money market funds.
As Malaysiaโs early adopter of fund tokenisation, we often question how we can make institutional-scale financial settlements faster, yet highly secure.
Tokenised fund products already exist in Malaysia's market today. The next step would be an institutionally focused settlement layer under the Securities Commission Malaysiaโs regulatory framework.
With this, weโll look at how UMYR can be used to settle fund subscriptions and redemptions, as a step toward advancing Malaysiaโs capital markets on-chain.
We are proud to take this step forward, alongside Luno Malaysia and Kenanga Investors Berhad.
Read more: https://www.malaymail.com/amp/news/money/mediaoutreach/2026/09/24/luno-halogen-capital-and-kenanga-investors-explore-ringgit-pegged-stablecoin-for-tokenised-fund-settlement/489890
๐๐ฉ๐ช๐ด ๐ฎ๐ข๐ต๐ฆ๐ณ๐ช๐ข๐ญ ๐ฉ๐ข๐ด ๐ฏ๐ฐ๐ต ๐ฃ๐ฆ๐ฆ๐ฏ ๐ณ๐ฆ๐ท๐ช๐ฆ๐ธ๐ฆ๐ฅ ๐ฃ๐บ ๐ต๐ฉ๐ฆ ๐๐ฆ๐ค๐ถ๐ณ๐ช๐ต๐ช๐ฆ๐ด ๐๐ฐ๐ฎ๐ฎ๐ช๐ด๐ด๐ช๐ฐ๐ฏ ๐๐ข๐ญ๐ข๐บ๐ด๐ช๐ข.