Terry KS Kenanga Group and the Stellar Development Foundation have launched Myrra, enabling Malaysia’s first tokenised money market funds on blockchain infrastructure. The initiative signals a major step toward regulated, real-world asset tokenisation in the Malaysian capital market.
MALAYSIA, 2 MARCH 2026 – Kenanga Investment Bank Berhad, Malaysia’s leading independent investment bank, has partnered with the Stellar Development Foundation to introduce Myrra, a dedicated token platform built on the Stellar blockchain to enable the tokenisation of real-world assets in Malaysia.
The inaugural deployment on Myrra features the tokenisation of the Kenanga Money Market Fund and the Kenanga Islamic Money Market Fund, both managed by Kenanga Investors Berhad. This marks the first time unit trust funds in Malaysia have gone live in tokenised form, setting a new benchmark for blockchain-enabled investment products in the local capital market.
Through Myrra, investors can transact blockchain-based digital representations of fund units, with tokens issued on a one-to-one basis to reflect actual ownership of each fund unit. The structure ensures full legal parity with traditional unit trust holdings while maintaining regulatory compliance, transparency, and operational integrity.
The platform was unveiled at the Blockchain Summit 2026, held as part of Japan Fintech Week. By leveraging Stellar’s blockchain infrastructure, Kenanga Group is extending access to its ringgit-denominated money market funds, allowing investors to buy and sell tokenised units directly via Myrra’s web portal.
Kenanga Group said the initiative supports its broader digital innovation agenda while contributing to the development of trusted digital public infrastructure for Malaysia’s capital markets. Kenanga Investors added that tokenisation is intended to modernise distribution and operational processes without compromising regulatory standards or investor protection.
Stellar, one of the earliest blockchains designed for payments and regulated asset issuance, already supports institutional-grade tokenised assets and large-scale financial applications globally. The collaboration highlights how blockchain technology can be applied pragmatically to familiar financial products.
Myrra also aligns with ongoing efforts by Securities Commission Malaysia to encourage tokenised capital market products within a balanced regulatory framework. With Malaysia’s tokenised asset opportunity estimated to reach US$43 billion by 2030, the platform positions local investors to participate in a global shift toward faster settlement, improved transparency, and broader financial inclusion.