Digital Initiatives - Digital | Securities Commission Malaysia

Digital Initiatives

Digital Investment Management (DIM)
DIM is a fund management business incorporating innovative technologies to offer automated discretionary portfolio management services to investors.
Key regulations for DIM can be found in the Licensing Handbook and Guidelines for Compliance Function for Fund Management Companies, in addition to other relevant regulations and guidelines.
Key Fund Management Activities
Understand Investor Needs
Gather investor information
Understand needs & preference
Assess risk-tolerance
Propose Solution
Select asset allocation
Select securities forming investment portfolio
Generate proposals
Implement Solutions
Select asset allocation
Select securities forming investment portfolio
Generate proposals
Monitor Results & Adjust Strategy
Periodic performance review
Dashboards, status-alerts
Rebalancing of portfolio
A DIM company aims to replicate many of the key activities performed by traditional fund managers through online access
Get to know our licensed DIM Intermediaries HERE
Equity Crowdfunding (ECF)
ECF is a form of fundraising that allows start-ups or other smaller enterprises to obtain capital through small equity investments using online platforms to publicise and facilitate such offers to a crowd of investors.

Funding obtained from ECF can be described as `patient capital’ where investors take equity stakes in new companies and are expected to maintain that stake in a long-term manner. The low minimum investment threshold is also meant to attract participation from first-time investors who may choose this type of investment as their first asset class due to having a passion or interest in a particular business or venture.

Key regulation for ECF operators can be found in in the Guidelines on Recognized Markets, in addition to other relevant regulations and guidelines.

Get to know our registered ECF platform operators in Malaysia HERE.
Peer-to-Peer (P2P) Financing
P2P financing is a form of digital innovation that broadens the ability of businesses to obtain financing from a pool of investors via an online platform. Similar to a loan, P2P financing investors provide capital in return for interest payment and repayment of the capital. The SC regulates P2P financing platform operators by registering them as Recognised Market Operators.

Key regulation for P2P financing operators can be found in the Guidelines on Recognized Markets, in addition to other relevant regulations and guidelines.

Get to know our registered P2P financing platform operators in Malaysia HERE.
Digital Assets
The Securities Commission has developed guidelines and frameworks for Digital Assets activities in Malaysia. The following are the activities which have unique registration and licensing requirements under the Digital Assets regulated regime in Malaysia:
Digital Asset Exchange (DAX)
Initial Exchange Offering (IEO)
Digital Asset Custodian (DAC)

For more details on guidelines and regulations of Digital Assets, please visit our Digital Assets page
E-Services
E-Services platforms are online platforms that provide additional investment channels for investors via the partnership formed between e-payment, e-wallet and e-commerce providers with Capital Markets Services License holders to distribute capital market products. Following the amendment to the SC’s Guidelines on Recognized Markets on “e-Services platform”, the chapter details the registration requirements and ongoing obligations for e-service providers.

E-wallets or e-payment operators which are currently subject to the oversight of another sectoral regulator will be required to obtain the prior approval from the said regulator before submitting their application to the SC.

Key regulation for E-services operators can be found in the Guidelines on Recognized Markets, in addition to other relevant regulations and guidelines.

Find out more about the list of registered E-Services HERE.

REGULATED FINTECH PLAYERS

Licensed Fintech Operators

Digital Investment Manager (DIM)	Digital Broker	Online Distributor
Akru Now Sdn Bhd BH Global Fintech Solutions Sdn Bhd GAX MD Sdn Bhd Raiz Malaysia Sdn Bhd StashAway Malaysia Sdn Bhd UOB Asset Management (Malaysia) Bhd Wahed Technologies Sdn Bhd Kenanga Investment Bank Bhd (KIBB)	1. Rakuten Trade Sdn. Bhd. 2. iFAST Capital Sdn Bhd	1. iFAST Capital Sdn Bhd

Digital Investment Manager (DIM)

Digital Broker

Online Distributor

1. Rakuten Trade Sdn. Bhd.

2. iFAST Capital Sdn Bhd

1. iFAST Capital Sdn Bhd

Recognised Market Operators (RMO)

General	Equity Crowdfunding (ECF)	Peer-to-Peer Financing (P2P)	Digital Asset Exchange (DAX)	E-Services	Initial Exhange Offering (IEO)
Bursa Malaysia Bonds Sdn Bhd Bay Supply Chain Technology Sdn Bhd Citibank Berhad IXdot Sdn Bhd	Ata Plus Sdn Bhd IPivot Sdn Bhd (formerly known as Crowdplus Sdn Bhd) Crowdo Malaysia Sdn Bhd Ethis Ventures Sdn Bhd Eureeca SEA Sdn Bhd FBM Crowdtech Sdn Bhd Alta Sdn Bhd Leet Capital Sdn Bhd MyStartr Sdn Bhd Pitch Platforms Sdn Bhd	BM Ram Capital Sdn Bhd B2B Finpal Sdn Bhd Bay Smart Capital Ventures Sdn Bhd Capsphere Services Sdn Bhd Crowd Sense Sdn Bhd P2P Nusa Kapital Sdn Bhd FBM Crowdtech Sdn Bhd MicroLEAP PLT Modalku Ventures Sdn Bhd Moneysave (M) Sdn Bhd Peoplender Sdn Bhd QuicKash Malaysia Sdn Bhd	Luno Malaysia Sdn Bhd MX Global Sdn Bhd SINEGY DAX Sdn Bhd Tokenize Technology (M) Sdn Bhd HATA Digital Sdn Bhd	TNG Digital Sdn Bhd Versa Asia Sdn Bhd	Kapital DX Sdn Bhd Pitch Platforms Sdn Bhd

General

Equity Crowdfunding (ECF)

Peer-to-Peer Financing (P2P)

Digital Asset Exchange (DAX)

E-Services

Initial Exhange Offering (IEO)

TNG Digital Sdn Bhd
Versa Asia Sdn Bhd