zetrix

According to Bloomberg, Malaysian digital infrastructure service provider Zetrix AI Bhd has secured approximately $40 million in equity financing from the World Bank's investment arm, International Finance Corp, to expand digital infrastructure in Malaysia, Southeast Asia, and other emerging markets.The two parties will collaborate through a subsidiary that plans to be listed on Nasdaq to advance projects, supporting the national digital identity system and blockchain service network in Malaysia, among others. Zetrix Managing Director TS Wong stated that its AI business unit, AI Foundation Lab, aims to complete its Nasdaq listing by the end of 2026.

The Malaysian Crown Prince's telecom company Bullish Aim announced on Tuesday the launch of RMJDT, a stablecoin pegged to the Malaysian Ringgit, targeting the cross-border payment market in the Asia-Pacific region. RMJDT will be issued on the Layer 1 blockchain Zetrix.Bullish Aim will establish a Digital Asset Treasury (DAT) company and allocate an initial treasury asset of 500 million Ringgit (approximately 121.5 million USD) in Zetrix (ZETRIX) tokens.

ChainCatcher news, Layer1 public blockchain platform Zetrix Foundation and digital services company MY E.G. Services Berhad (MYEG) have signed a memorandum of understanding (MoU) with licensed virtual asset management company MaiCapital based in Hong Kong, planning to jointly launch a virtual asset fund or a Hong Kong virtual asset ETF product.The memorandum of understanding focuses on the collaborative issuance of an ETF approved by the Hong Kong Securities and Futures Commission (SFC), which will include a basket of cryptocurrencies such as Bitcoin and Zetrix, as well as other potentially suitable cryptocurrencies.

ChainCatcher news, the cross-border trade digital public blockchain platform Zetrix announced the launch of a pilot project in collaboration with Chinese banks to provide supply chain financing products for international importers and exporters. In addition, Zetrix is partnering with the digital solution provider Dixchain to jointly offer digital solutions for global cross-border trade and finance.It is reported that Zetrix is developed by MY EG Services Bhd, and its integration with cross-border and cross-chain solutions in China enables Zetrix to act as a blockchain gateway, facilitating global trade by deploying key building blocks of Web3 services (such as blockchain-based identifiers (BID) and verifiable credentials (VC)).