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CLC, AFFIN BANK Launch Malaysia’s First Actively Managed Digital Asset Fund

Reported by Businesstoday
Jun 10, 2024· 2 min read
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Key Takeaways
  • • Cross Light Capital (CLC) and Affin Bank Berhad have launched Malaysia's first actively managed digital asset fund, distributed through AFFIN INVIKTA and lodged with the Securities Commission Malaysia.
  • • The fund offers diversified exposure to Bitcoin, Ethereum, blockchain-exposed companies, and other digital asset classes through an actively managed strategy designed for sophisticated investors seeking alternative investment vehicles.
  • • The fund is positioned as a "triple play" investment opportunity and serves as both a growth vehicle and a monetary and geopolitical hedge in a multi-polar global environment, according to CLC Chief Executive and Chief Investment Officer Jason Lee.
  • • Distribution through AFFIN INVIKTA leverages Affin Bank's institutional client base, providing access to cryptocurrencies and blockchain-based enterprises beyond traditional asset classes.
Summary
Cross Light Capital and Affin Bank Berhad have announced the launch of Malaysia's first actively managed digital asset fund, marking a significant expansion of cryptocurrency investment infrastructure in the Southeast Asian financial market. The fund is distributed through AFFIN INVIKTA, Affin Bank's investment platform, and has been lodged with the Securities Commission Malaysia for regulatory oversight.

The digital asset fund provides exposure to a diversified portfolio encompassing Bitcoin, Ethereum, blockchain-exposed equities, and related digital asset classes. Cross Light Capital's experienced alternative fund management team oversees the actively managed strategy, which distinguishes it from passive index-tracking approaches. According to Jason Lee, CLC's Chief Executive and Chief Investment Officer, the active management framework enables the team to "navigate the dynamic digital asset space effectively," leveraging multiple growth drivers including Bitcoin's store-of-value characteristics, decentralized finance expansion, and smart contract adoption in Ethereum.

The fund is structured for sophisticated investors pursuing innovative, alternative investment opportunities to diversify beyond conventional asset classes. Lee characterized the offering as a "triple play" investment strategy and emphasized its dual function as both a growth mechanism and a hedge against monetary instability and geopolitical fragmentation in an increasingly multipolar world. This positioning reflects institutional recognition of digital assets' role in portfolio diversification and risk management.

The partnership between a local fund manager and a major Malaysian bank signals growing institutional acceptance of digital assets within Malaysia's regulated financial ecosystem. The Securities Commission Malaysia's lodgment requirement ensures compliance with local regulatory standards, establishing a foundation for institutional participation in digital asset markets while maintaining investor protections appropriate to the asset class's volatility and emerging maturity.

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Sources

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Businesstoday CLC, AFFIN BANK Launch Malaysia’s First Actively Managed Digital Asset Fund