Ant Group to Partner Malaysia’s Investment Bank Kenanga on Crypto SuperApp

China’s Ant Group is working with Kenanga Investment Bank on Malaysia’s first “SuperApp.”

The App will include crypto trading, e-wallets and portfolio management.

Kenanga’s has agreed with the affiliate of e-commerce company Alibaba (BABA) to leverage the Chinese company’s mobile development platform, mPaaS, for the app.

Malaysia’s largest independent
investment Bank Kenanga, founded in 1973, boasts of more than 500,000 customers.

The nation was tipped to become Asia’s crypto hub earlier this year.

The Super App will utilize Ant Group’s blockchain, privacy computing and security solutions.

The App will also include functionality for stock trading and foreign exchange.

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