Malaysia’s Zetrix AI has raised US$40 million (RM155.6 million) in equity from the International Finance Corporation to scale its digital identity and blockchain infrastructure platform.
The funding will support the development and rollout of blockchain-based digital public infrastructure applications and artificial intelligence tools in Malaysia and across ASEAN.
These solutions aim to improve digital inclusion, expand access to services and enhance economic efficiency.
The company also plans to expand into emerging markets beyond the region.
In Malaysia, Zetrix AI intends to integrate its services with MyDigital ID and the Malaysia Blockchain Infrastructure, the country’s national blockchain service network.
Zetrix AI said its platform supports use cases such as digital identity verification, digitised customs clearance, international trade digitalisation and the tokenisation of real-world assets.
Judith Green, World Bank Group Country Manager for Malaysia, said,
“This investment reflects IFC’s commitment to advancing Malaysia’s digital transformation agenda, in line with the Thirteenth Malaysia Plan, 2026-2030,” said Judith Green, World Bank Group Country Manager for Malaysia.
The development of Digital Public Infrastructure services is essential to improving public service delivery, strengthening economic competitiveness, and ensuring that growth is inclusive and sustainable.”
TS Wong, Group Managing Director of Zetrix AI, said,
“From digital IDs to digitised customs clearance processing to large language models and stablecoins, the real-world cross-border use cases in blockchain and AI that we are deploying are aimed at catalysing disruptive transformation across ASEAN and enabling deeper socio-economic integration in the region.
With the participation and market access from IFC, we will accelerate our global expansion plans.”
Zetrix AI, formerly known as MY E.G. Services Berhad, provides blockchain and AI solutions to public and private sector clients across ASEAN.
Featured image: Edited by Fintech News Malaysia, based on image by ghiska via Freepik
