Malaysia

Grab-backed digital bank GXBank is on track to establish a regional center of excellence (COE) for shared services in Malaysia. Establishing the COE is part of GXBank’s MYR 1.5 billion (314 million U.S. dollars) investment into Malaysia over the next five years.

Zetrix Foundation and MY E.G. Services Berhad (MYEG) have signed a Memorandum of Understanding (MoU) with MaiCapital, a licensed virtual asset manager in Hong Kong, to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.

Earlier on Monday, Prime Minister Anwar Ibrahim launched the KL20 Action Plan paper in conjunction with the inaugural KL20 Summit 2024.

United Arab Emirates (UAE)'s digital asset infrastructure provider Fasset has inked deal with Malaysian lender Malaysia Building Society Berhad (MBSB) to explore blockchain-powered Shariah-compliant banking solutions in Malaysia.

Malaysia-based carmaker Naza Automotive Holdings Sdn Bhd (NAZA Auto) will enter electric vehicle (EV) segment via collaboration with Gentari Green Mobility Sdn Bhd (Gentari), the wholly-owned subsidiary of Gentari Sdn Bhd, a clean energy solutions company.

Malaysia aims to create 900 startups by 2026 via its artificial intelligence (AI) sandbox program.

MYStartup, a national project initiated by the Ministry of Science, Technology and Innovation (MOSTI) in Malaysia and developed by Cradle Fund, has in partnership with NEXEA, a venture capital and startup accelerator firm, kicked off its third accelerator program by shortlisting a total of 25 promising tech startups.

Ant International, a Singapore-headquartered digital payment and financial technology firm, has announced that it will establish a new digital business center in Malaysia, with a focus on tapping local tech talent to drive its global businesses.

Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Bursa Malaysia Berhad (Bursa Malaysia), will be hosting its inaugural renewable energy certificates (RECs) auction on June 25, 2024.

Xsolla, a global video game commerce company, in collaboration with Curine Ventures, a Malaysia-based venture builder that incubates and develops profitable startups in Southeast Asia and the Americas, have announced the official launch of the Xsolla Curine Academy (XCA) in Kuala Lumpur.