The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has announced a MYR 155.6 million (USD 40 million) equity investment in Zetrix AI Berhad to advance Digital Public Infrastructure (DPI) across Malaysia and the ASEAN region. Formerly known as MY E.G. Services Berhad, Zetrix AI will utilize the capital to develop and scale blockchain-based applications and AI-enabled products designed to enhance digital inclusion and economic efficiency. This investment aligns with the 13th Malaysia Plan (2026–2030) and reflects growing institutional confidence in Malaysia’s role as a regional tech leader, where the country currently captures 32% of total AI funding in Southeast Asia.
In the domestic market, Zetrix AI’s new services will integrate directly with MyDigital ID and the Malaysia Blockchain Infrastructure (MBI), the nation’s core digital identity and blockchain networks. The funding is earmarked for high-impact use cases including digital ID verification, the digitalization of international trade, and the tokenization of real-world assets. These cross-border applications, ranging from digitized customs processing to stablecoins, are aimed at catalyzing deeper socio-economic integration across ASEAN. Additionally, the company is preparing its subsidiary, AI Foundation Lab, for a planned Nasdaq listing by the end of 2026 to further tap into global capital markets.
The IFC’s entry as a strategic shareholder provides Zetrix AI with the market access necessary to accelerate its global expansion beyond Southeast Asia. This move follows the launch of Malaysia’s National Cloud Computing Policy (NCCP), which set the trajectory for secure and inclusive digital transformation. By leveraging its Layer-1 blockchain platform, Zetrix AI is positioned to connect people, businesses, and governments through optimally efficient, intelligent, and secure digital rails.
(Sources: TechNode Global; Digital News Asia)
