KLDX
KLDX is a Malaysia-based, Securities Commission-regulated digital securities platform offering retail and institutional investors fractional access to tokenised private market assets via primary IEO issuance and a secondary trading marketplace.
- Company typePrivate
- Founded2020
- HeadquartersKuala Lumpur, Malaysia
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What KLDX does
KLDX (legally Kapital DX Sdn Bhd) is a Malaysia-headquartered digital securities platform registered with Securities Commission Malaysia as a Recognised Market Operator for Digital Asset Exchanges (RMO-DAX). Founded in 2020 and based in Kuala Lumpur, the company operates a regulated Initial Exchange Offering (IEO) platform for primary issuance of tokenised private market securities and a secondary trading marketplace that introduces liquidity to these instruments. The technology stack is built on an Ethereum-based blockchain with smart contract automation handling dividend distributions, voting rights, and coupon payments, complemented by segregated custody through Malaysian Trustees Berhad, FPX payment integration, and RHB Islamic Bank banking rails.
The platform serves two distinct sides of a two-sided marketplace. On the investor side, it targets Malaysian retail, sophisticated, angel, and corporate investors seeking fractional access to private equity, private debt, private funds, and ESG-aligned offerings, with investment note profit rates disclosed between 8% and 13% per annum. On the issuer side, businesses can raise up to RM100 million per 12-month period through security token issuances. Revenue is generated primarily through a 0.5% trading fee on both buy and sell transactions and up to 2% distribution fees, while the IEO subscription fee (up to 1.5%) has been waived since April 2023.
KLDX has completed 11 tranches to date, with named issuers including Integra Healthcare Technology, Cape Renewables/Cape EMS, and Synergy ESCO. The company is pursuing geographic-vertical expansion into renewable energy tokenisation and was selected in November 2025 for SC Malaysia's inaugural Regulatory Sandbox cohort, positioning the platform at the front of Malaysia's emerging regulated tokenisation regime.
KLDX firmographics
Firmographics- Name
- KLDX
- Legal name
- Kapital DX Sdn Bhd
- Website
- https://kldx.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- KLDX is a Malaysia-based, Securities Commission-regulated digital securities platform offering retail and institutional investors fractional access to tokenised private market assets via primary IEO issuance and a secondary trading marketplace.
- Ownership category
- akta.pro rank
KLDX industry classification
Industry- Product category
- Digital Securities Exchange
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Retail Crypto Brokerages (Simple Buy/Sell) (FSADAAAB)
- akta.pro secondary industry
- Brokerages & On/Off-Ramps (fiat rails, instant buy/sell) (FSAPADAG)
Keywords
Where KLDX is headquartered
LocationHeadquarters
- HQ city
- Kuala Lumpur
- HQ country
- Malaysia
- HQ region
- Asia
Offices1 record
Markets served
KLDX business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Trading Transaction Fees: KLDX charges 0.5% trading fee on both buy and sell transactions, subject to minimum RM5.00 per transaction. 8% SST applies on fees, automatically deducted at point of trade execution. Secondary trading platform enables liquidity provision.
- Subscription/Platform Fees: Investors charged up to 1.5% of subscription amount for IEO offerings. However, this fee has been waived for all investors effective April 18, 2023 until further notice.
- Distribution Fees: Dividend and coupon distribution fee of up to 2% of distributed amount charged to investors, deducted from amount received.
- Issuer Listing and Admission Fees: Applicants pay fees and charges as prescribed by KLDX for listing admission. Issuers may raise funds up to 20 times shareholders' funds or up to RM100 million within any 12-month period. Fee structure includes white paper review and compliance services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Trading Fee - Both Buy and Sell |
| Transaction based/ take rate | Pay-as-you-go | Subscription Fee (Waived) |
| Transaction based/ take rate | Pay-as-you-go | Dividend/Coupon Distribution Fee |
| Outcome Based/ Performance | Pay-as-you-go | Investment Note Returns |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
KLDX product offering
Product offeringCore offering
KLDX is a Securities Commission Malaysia-regulated digital securities platform that enables businesses to issue tokenized securities (equity, investment notes, and private equity fund shares) via an Initial Exchange Offering (IEO) workflow, and provides investors with a secondary trading venue to buy, sell, and trade these tokenized assets. The platform supports fractional ownership, automated distributions via smart contracts, segregated custody through licensed trustees, and access to traditionally illiquid private market asset classes such as private equity, private debt, private funds, and ESG/sustainability investments.
Product overview
KLDX is a regulated digital securities platform operated by Kapital DX Sdn Bhd, registered with the Securities Commission Malaysia. It operates as a dual-product platform consisting of an Initial Exchange Offering (IEO) Platform for primary issuance of tokenised private market assets and a Secondary Trading Platform for secondary market liquidity. The platform supports four core investment categories: Private Equity (equity in private companies), Private Debt (fixed-income investment notes), Private Funds (private equity and venture capital funds), and ESG/Sustainability Investing (environmentally focused assets). Additional offerings include Tokenisation-as-a-Service for businesses seeking to tokenise assets, a Knowledge Centre for investor education, and a Credit Scoring tool for issuer risk assessment. All digital securities are issued on an Ethereum-based blockchain with smart contract automation for dividend/coupon distribution and voting rights. The platform also features a Sandbox environment under the SC's Regulatory Sandbox framework for testing new financial technology products.
Differentiator
Problem solved
Functional benefit
Products and services
- KLDX IEO Platform (Initial Exchange Offering) Primary issuance venue on the KLDX platform where businesses list tokenized securities (equity, investment notes, private equity fund shares) for subscription by investors through an Initial Exchange Offering workflow, regulated by the Securities Commission Malaysia.
- KLDX Secondary Trading Platform Order-book secondary trading venue for tokenized securities listed on KLDX, enabling investors to buy and sell previously issued digital securities and providing liquidity for private market instruments.
- Tokenisation-as-a-Service Service for businesses and asset owners to structure, tokenize, and issue securities (equity, investment notes, private equity fund shares) on the KLDX platform, including regulatory onboarding and listing support.
- Private Equity Investments Asset class on the KLDX platform that allows investors to access tokenized private equity opportunities via fractional ownership of shares in unlisted companies or PE fund vehicles.
- Private Debt Investments Asset class on the KLDX platform providing investors access to tokenized private debt instruments, including investment notes issued by businesses.
- Private Funds Investments Asset class on the KLDX platform that tokenizes shares of private investment funds, enabling fractional investor participation in pooled private vehicles.
- ESG and Sustainability Investments Asset class on the KLDX platform offering tokenized investment opportunities aligned with ESG and sustainability themes for environmentally and socially conscious investors.
Quantifiable outcome
- Profit rates of 8%-13% p.a. on investment notes
- +4 more outcomes
Companies that use KLDX
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
KLDX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability2 records
Feature5 records
KLDX partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Cape EMScoreJoint launch of US$1.72 million tokenised project financing for renewable energy in Malaysia. Partnership utilizes blockchain technology to enable fractional ownership and secondary market trading of renewable energy assets. KLDX provides platform infrastructure while Cape EMS contributes renewable energy project pipeline.
- Securities Commission MalaysiacoreKLDX selected as one of six participants in Securities Commission Malaysia's first Regulatory Sandbox cohort. The sandbox provides supervised environment for testing new financial technology products, with testing period of approximately 12 months.
- Malaysian Trustees BerhadcoreIndependent trustee providing segregated trust account services for investor and issuer funds. Registered with Securities Commission Malaysia. All customer funds held in segregated trust accounts entirely separate from KLDX operational assets.
- RHB Islamic Bank BerhadcoreBanking partner for KLDX investor account: Company Name Malaysian Trustees Bhd – KLDX (Investors), Account Number 2-64317-0005999-3. Provides FPX payment gateway integration and bank transfer capabilities for investor deposits.
- Bank Negara MalaysiaminorKLDX referenced Bank Negara Malaysia's Discussion Paper on Asset Tokenisation. Operates within regulatory framework derived from BNM AML guidelines alongside SC regulations.
Scale indicators5 records
Recent moves5 records
Expansion highlights4 records
KLDX competitors and assessment
Company assessmentDirect peers
- ADDX: Singapore-based regulated digital securities exchange for private market investments (pre-IPO, private equity, private debt). Direct peer to KLDX as a regional tokenized securities platform with similar fractional ownership and secondary trading model, though operating in Singapore rather than Malaysia.
- Securitize: US-headquartered tokenization platform enabling issuance, management, and trading of digital securities. Direct peer offering comparable tokenization infrastructure and secondary market access for private securities, with global reach exceeding KLDX's Malaysian footprint.
- InvestaX: Singapore-based digital securities platform specializing in tokenized private market products including investment notes and funds. Direct peer operating in the same ASEAN regulatory environment and offering comparable primary issuance plus secondary trading infrastructure.
- Archax: UK FCA-regulated digital securities exchange and broker for tokenized traditional financial assets. Direct peer operating a regulated multi-asset platform combining primary issuance with secondary trading, similar in regulatory-first approach to KLDX.
- Stokr: EU-regulated digital securities platform enabling businesses to raise capital via security token offerings with secondary trading. Direct peer offering tokenization-as-a-service and marketplace access comparable to KLDX, focused on European SMEs and growth companies.
- tZERO: US-based regulated digital securities exchange and tokenization platform with an integrated secondary trading venue. Direct peer offering primary issuance plus trading of tokenized private securities, with broader regulatory and product scope than KLDX.
Regional players
- Funding Societies: Malaysia and Southeast Asia-headquartered digital financing platform providing P2P lending and invoice financing to SMEs. Comparable as a Malaysian-anchored alternative finance marketplace serving similar issuer/investor base, though focused on debt rather than equity tokenization.
Emerging players
- DigiShares: Denmark-based white-label tokenization platform for issuance and management of digital securities. Emerging peer providing comparable tokenization-as-a-service infrastructure, particularly for real estate and funds, competing for the same private market issuers KLDX targets.
- PrimaryBid: UK and US-based platform providing retail investors access to IPOs and follow-on offerings. Emerging peer sharing KLDX's mission of democratizing access to private and pre-IPO investments, though focused on public market primary issuance rather than tokenized private securities.
Others
- Masa Plus: Malaysia-based Shariah-compliant digital investment platform offering curated private market and alternative investment opportunities. Thematically adjacent Malaysian fintech using technology-enabled distribution for alternative investments, though not a tokenized securities exchange.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
KLDX social profiles
Digital presenceKLDX compliance and trust
Trust signalCompliance2 records
KLDX financial estimates
Financial estimateRevenue estimate
Valuation estimate
KLDX leadership team
Management profileNumber of profiles
Profiles1 record
KLDX funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
KLDX M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about KLDX
What does KLDX do?
KLDX is a Securities Commission Malaysia-regulated digital securities platform that enables businesses to issue tokenized securities (equity, investment notes, and private equity fund shares) via an Initial Exchange Offering (IEO) workflow, and provides investors with a secondary trading venue to buy, sell, and trade these tokenized assets. The platform supports fractional ownership, automated distributions via smart contracts, segregated custody through licensed trustees, and access to traditionally illiquid private market asset classes such as private equity, private debt, private funds, and ESG/sustainability investments.
Is KLDX a public or private company?
KLDX is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was KLDX founded?
KLDX was founded in 2020. It employs 11 to 50 people.
Where is KLDX based?
KLDX is headquartered in Kuala Lumpur, Malaysia, in the Asia region.
How does KLDX make money?
Four revenue lines are on record. Trading Transaction Fees are the primary driver. The others are subscription/Platform Fees, distribution Fees and issuer Listing and Admission Fees.
Who are KLDX's main competitors?
Direct peers on record are ADDX, Securitize, InvestaX, Archax, Stokr and tZERO. Funding Societies is listed as a regional player. Emerging players are DigiShares and PrimaryBid. Masa Plus is listed as an others.
Does KLDX have an API?
No public API is recorded for KLDX.
What industry is KLDX in?
KLDX's product category is Digital Securities Exchange. Its primary akta.pro industry code is FSADAAAB, Retail Crypto Brokerages (Simple Buy/Sell), with a secondary code of FSAPADAG, Brokerages & On/Off-Ramps (fiat rails, instant buy/sell). Its NAICS code is 5231 and its SIC code is 6200.