The International Finance Corporation (IFC), part of the World Bank Group, has announced a RM155.6m equity investment in Malaysia’s Zetrix AI Berhad. This investment is set to bolster the development and deployment of blockchain-based Digital Public Infrastructure (DPI) applications and AI-enabled products, enhancing digital inclusion and economic efficiency in Malaysia and the broader ASEAN region.
Zetrix AI’s innovative solutions aim to streamline services such as digital ID verification, international trade digitalisation, and asset tokenisation. These services will integrate with Malaysia’s digital ecosystem, including MyDigital ID and the Malaysia Blockchain Infrastructure (MBI). The investment will also support Zetrix AI’s expansion into emerging markets within ASEAN and globally.
Judith Green, World Bank Group country manager for Malaysia, stated, “This investment reflects IFC’s commitment to advancing Malaysia’s digital transformation agenda, in line with the Thirteenth Malaysia Plan, 2026-2030.” She emphasised the importance of DPI services in improving public service delivery and economic competitiveness.
TS Wong, Group Managing Director of Zetrix AI, highlighted the transformative potential of their blockchain and AI solutions, saying, “With the participation and market access from IFC, we will accelerate our global expansion plans.”
The investment underscores IFC’s strategy to leverage private sector solutions to foster inclusive and sustainable growth in developing regions. As Zetrix AI continues to innovate, the collaboration is poised to drive significant socio-economic integration across ASEAN.
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