The World Bank Group’s International Finance Corporation has invested RM155.6 million, or $40 million, in Malaysia-based Zetrix AI Berhad to support the expansion of digital public infrastructure services in Malaysia and emerging markets across ASEAN and beyond.
The equity investment is aimed at accelerating the development and rollout of blockchain-based digital public infrastructure applications and artificial intelligence-enabled products designed to enhance digital inclusion, improve access to services, and increase economic efficiency. In Malaysia, these services are expected to integrate with MyDigital ID, the country’s national digital identity system, as well as the Malaysia Blockchain Infrastructure, the national blockchain service network.
Zetrix AI’s digital public infrastructure offerings are designed to make services more secure, efficient, and cost-effective. These include digital identity verification, digitized international trade processes, and the tokenization of real-world assets. The funding will also support the company’s expansion into other emerging markets in ASEAN and globally.
The investment aligns with Malaysia’s Thirteenth Malaysia Plan for 2026 to 2030, which emphasizes digital transformation and inclusive growth. IFC said the backing reflects its focus on strengthening public service delivery, boosting economic competitiveness, and fostering sustainable development through private sector innovation.
IFC is a member of the World Bank Group and is the largest global development institution focused on the private sector in emerging markets. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries.
Zetrix AI Berhad, formerly known as MY E.G. Services Berhad, is headquartered in Malaysia and began operations in 2000 as a provider of electronic government services. The company now focuses on deploying blockchain and artificial intelligence technologies across ASEAN, leveraging its Layer-1 blockchain platform Zetrix to support cross-border transactions, digital identity interoperability, and automation solutions for governments and businesses.
KEY QUOTES
“This investment reflects IFC’s commitment to advancing Malaysia’s digital transformation agenda, in line with the Thirteenth Malaysia Plan, 2026-2030. 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. Investments like this allow us to scale innovative digital solutions and support the creation of resilient, secure and interoperable systems that expand access to services and opportunities for both people and businesses in Malaysia and emerging markets in the broader ASEAN region and beyond.”
Judith Green, World Bank Group Country Manager For Malaysia
“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.”
TS Wong, Group Managing Director Of Zetrix AI Berhad
