BFM 89.9
The Business Station
IEOs: When and Why a Business Can Use Digital Tokens to Raise Funds
27 mins
·
12:00, 6 Jul 2023
·
Recommended
Guest: Selvarany Rasiah, Founder & CEO, Kapital DX, Kashminder Singh, Co-Founder, pitchIN
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.
Presenter: Roshan Kanesan
Producer: Roshan Kanesan
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IEOs: When and Why a Business Can Use Digital Tokens to Raise Funds
27 mins
·
12:00, 6 Jul 2023
Guest: Selvarany Rasiah, Founder & CEO, Kapital DX, Kashminder Singh, Co-Founder, pitchIN
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.
Presenter: Roshan Kanesan
Producer: Roshan Kanesan
Share:
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Recent episodes
0
Latest Stories
Podcasts · Jan 21 · 23 mins
Uphill Task To Save The Planet
Podcasts · Jan 20 · 34 mins
What Can We Look Forward To In The Gaming World In 2025
Podcasts · Jan 20 · 42 mins
Joy for Moyes as Everton Showed Desire Against Spurs