The Securities Commission Malaysia has named six firms to join the first cohort of its regulatory sandbox.
The sandbox, launched at last year’s SCxSC Fintech Summit, is part of the SC’s innovation toolkit and provides a controlled environment for companies to test new products that could strengthen the capital market.
It allows the regulator to observe real world trials and refine future policies.
Applications ran from 15 April to 31 May 2025. After a multi stage review, the SC selected six firms across three focus areas.
Wahed X Sdn Bhd (Wahed) and Urban NX Sdn Bhd (Urby) will explore alternative real estate investments.
Kapital DX Sdn Bhd (KLDX) and Pitch Platforms Sdn Bhd (PSTX 2.0) will work on secondary market solutions.
Virtual Economy Technology Sdn Bhd (V Systems) and PeerHive (M) Sdn Bhd (PeerHive) will test approaches in alternative financing.
Several participants will also use data analytics and blockchain to support due diligence and operating models.
Each firm will receive about 12 months to run its tests. Deployment begins in two batches in January or July 2026, depending on readiness.
The SC said companies with innovative models can also engage through its Alliance of FinTech Community (aFINity) by submitting a business plan or proposal to afinity@seccom.com.my.
The SC Chairman Dato’ Mohammad Faiz Azmi said,
“This initiative reflects our commitment to creating an environment where innovation can thrive without compromising investor protection.
By encouraging experimentation within a controlled framework, the SC aims to nurture forward-thinking ideas that can strengthen market efficiency.”
Featured image: Edited by Fintech News Malaysia, based on image by chhayalex9999 via Freepik
