The Selangor Information Technology and Digital Economy Corporation (Sidec) has introduced Token-X, an accelerator program aimed at advancing Malaysia’s position in digital assets, blockchain innovation, and the emerging Web3 economy.

As part of Sidec’s broader Triple-X Accelerator framework, Token-X is designed to support high-potential startups and scale-ups in building, validating, and scaling solutions across digital finance and tokenization, the firm said in a statement on last Friday.

The program reflects Selangor’s continued push to strengthen its role as a regional digital economy leader.

Token-X focuses on accelerating innovation across five key verticals: real-world asset (RWA) tokenization (enabling fractional ownership and unlocking liquidity in physical assets such as property and infrastructure); commodities and carbon credits (supporting digital marketplaces for sustainable
assets and blockchain-verified carbon trading); digital securities and token offerings (empowering startups and SMEs to raise capital through regulated tokenized investment products); blockchain infrastructure and RegTech solutions (building secure, compliant, and interoperable systems for digital finance; digital IP and NFT innovation (enabling new models for ownership, licensing, and monetization of creative and intellectual property).

Token-X focuses on accelerating innovation across key verticals including digital assets and tokenization, blockchain infrastructure, decentralized finance (DeFi), as well as fintech,
regtech, and insurtech solutions.

“Token-X reflects Selangor’s commitment to building a future-ready digital economy by empowering founders to move beyond experimentation into real-world application,

“As digital assets and tokenization reshape global industries, we aim to support innovators in developing scalable, compliant, and impactful solutions that position Malaysia at the forefront
of this transformation.” said Yong Kai Ping, Chief Executive Officer of Sidec.

With the rapid evolution of digital finance and decentralized technologies, Token-X aims to provide founders with the tools, access, and ecosystem needed to translate ideas into scalable, market-ready solutions, said the statement.

The program is designed to support startups in navigating regulatory and market landscapes; facilitate access to industry mentors, investors, and partners; enable real-world application of tokenization and blockchain solutions; accelerate commercialization and cross-border opportunities.

Token-X also builds on Sidec’s track record of nurturing startups and small and medium-sized enterprises (SMEs), while expanding its scope into high-growth sectors such as Web3 and digital assets.

Token-X represents a strategic step in positioning Malaysia as a competitive player in the global digital asset landscape.

By focusing on real-world asset (RWA) tokenization and blockchain-enabled solutions, the program aims to unlock new economic opportunities and drive innovation across industries.

The initiative also complements national and state-level ambitions to strengthen the digital economy through emerging technologies, alongside ongoing efforts in artificial intelligence and semiconductor development.

Through Token-X, founders and innovators will gain access to a structured accelerator environment that bridges technology, business, and regulatory readiness — ensuring solutions are not only innovative, but also commercially viable.

As the digital economy continues to evolve, Token-X serves as a platform for entrepreneurs to shape the future of finance, ownership, and value creation in a decentralized world, said the statement.

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