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Podcast  >  Enterprise  >  Enterprise Explores  >  IEOs: When and Why a Business Can Use Digital Tokens to Raise Funds

IEOs: When and Why a Business Can Use Digital Tokens to Raise Funds

Selvarany Rasiah, Founder & CEO, Kapital DX | Kashminder Singh, Co-Founder, pitchIN

06-Jul-23 12:00

IEOs: When and Why a Business Can Use Digital Tokens to Raise Funds

Earlier this year, the Securities Commission (SC) registered two initial exchange offering (IEO) operators, Kapital DX Sdn Bhd and Pitch Platforms Sdn Bhd. The two registered IEO operators will be able to provide an alternative avenue for eligible companies to raise funds via the issuance of digital tokens in Malaysia.

An issuer may raise funds up to RM100 million from retail, sophisticated, as well as angel investors, however this is subject to a limit of 20 times of shareholders’ funds and other investment limits provided in the SC’s Guidelines on Digital Assets.

For more on IEOs, who it’s suitable for and how it differs from other funding methods, we speak to Selvarany Rasiah, founder and CEO of KLDX, and Kashminder Singh, Co-Founder of pitchIN.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan


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Categories:  entrepreneursSMEfinancial wellnessinvestmentstechnology

Tags:  Initial exchange offeringKapitalDXpitchinfundraisingstartupblockchainscfintech





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