Zetrix and MIMOS Partner to Develop Malaysia's National Blockchain Infrastructure
Zetrix and MIMOS Partner to Develop Malaysia's National Blockchain Infrastructure
Zetrix, a layer-1 blockchain platform, has entered into a memorandum of understanding (MOU) with MIMOS Technology Solutions Sdn Bhd (MTSSB) to develop and manage Malaysia's national blockchain infrastructure. This collaboration aims to establish a robust blockchain ecosystem for all levels of government and commercial sectors in Malaysia.
Key Highlights of the Partnership
The partnership between Zetrix and MTSSB is designed to spearhead the development of Malaysia’s national blockchain roadmap. The initiative will focus on bringing Web-3-based services to both public and private sectors, enhancing the adoption of blockchain technology nationwide.
Zetrix, operated by MY E.G. Services Berhad (MYEG), launched its mainnet on April 15, 2022. The platform is positioned to play a critical role in enabling blockchain-based trade and unlocking new opportunities for various industries in Malaysia.
Expected Impact on the Digital Economy
The collaboration is expected to accelerate the development and deployment of blockchain-related applications and services. This will support the growth of the digital assets market in Malaysia, creating a more robust and technologically advanced ecosystem.
Additionally, the partnership aligns with the broader goal of establishing Malaysia as a leader in blockchain innovation, moving beyond speculative tokenomics and focusing on practical use cases for the technology.
Support for the Digital Assets Market
Earlier this year, Tokenize Malaysia, a cryptocurrency and digital asset exchange (DAX) supported by Kenanga Investment Bank, received approval from the Securities Commission of Malaysia to trade Solana (SOL), UNISWAP (UNI), and Bitcoin Cash (BCH). This move is expected to further bolster the development of the local digital assets market.
The partnership between Zetrix and MTSSB, along with the growing support for digital assets, underscores Malaysia's commitment to embracing blockchain technology and fostering innovation in the digital economy.
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