Daily Markup

Daily Markup #858: Halogen Capital selected by Malaysia’s Securities Commission to receive funding from Digital Innovation Fund (DIGID)

October 24, 2023 · 1 min read
Photo credit: Fortis

DIGID-al innovation

  • Congratulations to 500-backed digital asset fund manager Halogen Capital for being 1 of 6 companies selected to receive funding from Malaysia’s Securities Commission (SC) via their Digital Innovation Fund (DIGID)!
  • DIGID was set up to co-fund innovative projects that leverage technology to address pain points and inefficiencies in the capital market. 
  • Focus areas for projects include trading or post-trade, portfolio development and management, financial planning/investment advisory, customer profiling and analysis, valuation and onboarding, due diligence and credit scoring, and other supporting capital market activities approved by the SC.
  • The aim of the program is to encourage technology investments by smaller capital market players, and the development of industry-wide solutions for capital raising and investment activities.
  • SC-regulated capital market players include (i) capital markets and services licensed holders (ii) registered venture capital corporations (iii) registered private equity corporations (iv) registered credit rating agencies or bond pricing agency (v) registered capital market services providers: trustees or issuing houses (vi) recognized market operators.
  • Read the announcement here.
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