- Zetrix signs MOU with MTSSB to create and manage the Malaysia Blockchain Infrastructure.
- The national blockchain infrastructure of Malaysia will be for all levels of government and commercial sectors.
- Zetrix launched its mainnet on April 15, 2022.
Malaysia ventures to develop and operate the Malaysia Blockchain Infrastructure. The authorities of Malaysia recently signed a memorandum of understanding (MOU) with MIMOS Technology Solutions Sdn Bhd (MTSSB) and Zetrix, a layer-1 blockchain structure, for all levels of government and commercial sectors.
The partnership with MTSSB will help the two parties spearhead the development of Malaysia’s national blockchain roadmap in bringing Web-3-based services to the public and private sectors in Malaysia.
The CEO of MTSSB, Faisal Ahmad, commented on the announcement:
This collaboration will accelerate the development, deployment, and take-up of blockchain-related applications and services in both the public and private sectors.
Zetrix was founded and operated by MY E.G. Services Berhad (MYEG), the largest digital service provider in Malaysia, which debuted its mainnet on April 15, 2022.
The Group Managing Director of MYEG, Wong Thean Soon, commented:
We are honored to be able to contribute to Malaysia’s national blockchain roadmap and firmly believe that the blockchain enablement of trade will unlock greater opportunities and use cases to establish this as a true technological revolution, departing away from speculative tokenomics.
Earlier this year, Tokenize Malaysia, a cryptocurrency and digital asset exchange (DAX) based in Malaysia and supported by Kenanga Investment Bank, announced that the Securities Commission of Malaysia gave the firm permission to trade the digital currencies Solana (SOL), UNISWAP (UNI), and Bitcoin Cash (BCH) on its platform.
This makes Tokenize the first exchange in Malaysia to offer investors Solana. The addition of Tokenize is expected to support the development of the local digital assets market in Malaysia.
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