{
  "id": 9687790,
  "title": "Luno partners with asset managers for Ringgit stablecoin settlement framework",
  "url": "https://urgent.news/2026/09/25/luno-partners-with-asset-managers-for-ringgit-stablecoin-settlement",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T03:23:28.000Z",
  "source": {
    "name": "Vietnam Investment Review",
    "slug": "vietnam-investment-review",
    "url": "https://vir.com.vn/luno-partners-with-asset-managers-for-ringgit-stablecoin-settlement-framework-161521.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "Malaysia's leading digital asset exchange, Luno, has announced a strategic collaboration with two asset managers, Halogen Capital and Kenanga Investors, to explore the use of a Ringgit-pegged stablecoin (UMYR) as an on-chain settlement instrument for tokenized money market funds. The initiative, announced at LIDAC 2026 in Kuala Lumpur, aims to demonstrate real-time Delivery-versus-Payment (DvP) settlement for fund subscriptions and redemptions, reducing the settlement windows that currently apply on conventional rails. Luno will mint and burn UMYR on a strict 1:1 basis against Ringgit held in a segregated account with a regulated banking partner, while Halogen Capital and Kenanga Investors will participate as fund managers, accepting UMYR for subscription and redemption settlements.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}