Latest news with #MalaysiaBlockchainInfrastructure
BusinessToday
06-07-2025
- Business
- BusinessToday
Zetrix AI Emerging As Key Driver In Nation's Blockchain Push
Zetrix AI is poised for significant revenue growth driven by its involvement in Malaysia's government-mandated national blockchain platform, as highlighted by Maybank Research. While the research firm has maintained its earnings forecasts for FY25-27E, it has adjusted Zetrix AI's target price lower to MYR1.45 (from MYR2.00), pegged to 15x FY26E Price-to-Earnings Ratio (PER) to better reflect the company's evolving business model as a national blockchain developer. The Malaysia Blockchain Infrastructure (MBI), launched on June 28, 2025, is a key driver for Zetrix AI's growth. Jointly developed by Zetrix AI and MIMOS, MBI is designed to support both public and private sector applications. Built on Zetrix AI's proprietary Layer-1 blockchain, it aims to serve as a 'national backbone' for critical functions such as verifiable credentials (VC), supply-chain traceability, and asset tokenization. Among its applications, MyDigital ID (for digital identity verification) and MyGov (for digital decentralization/notarization of government records) are already live on the platform, with MyDigital ID alone boasting 2.5 million active users. MyDigital ID is already generating revenue for Zetrix AI. The company earns MYR0.40 per transaction from service providers who utilize MyDigital ID for credential authentication. These service providers span various sectors, including government agencies (such as the Immigration Department), social media companies, government-linked companies (GLCs), and even startups like Masverse, iTrace, and Cokeeps. Maybank Research estimates that Zetrix AI accrued approximately MYR5 million in revenue from VC authentication in the second quarter of 2025, a figure projected to double in the third quarter. For the full fiscal year 2025, VC-related revenue is forecast to reach MYR40 million, already imputed in the research firm's earnings estimates. Revenue accretion is expected to snowball further with the anticipated launch of My Superapp later this month. This new application will enable Malaysia's estimated 40 million annual foreign visitors to digitize their passports and driving licenses for use within the country. Zetrix AI plans to charge MYR100 per application. Despite being an optional service, the revenue potential is substantial, even if only a fraction of foreign visitors subscribe for the added convenience. Maybank Research highlights that this strategic shift from an exclusive government-to-government (G2G) service provider to a broader national blockchain developer underpins Zetrix AI's long-term growth trajectory, despite the recalibrated valuation. Related
The Star
30-04-2025
- Business
- The Star
Rally resumes on Bursa Malaysia on hopeful sentiment over US trade negotiations
KUALA LUMPUR: The Malaysian stock benchmark was mildly positive after a positive showing on Wall Street overnight as traders turned hopeful on news the US was nearing a trade deal with India. At 9am, the FBM KLC was up 2.51 points to 1,518.07, retracing some of the previous session's loss but capped below the 50-day simple moving average. According to TA Research, Bursa Malaysia is poised for a rebound today given the growing optimism the US will soon reach a trade agreement with its key partners. "Immediate resistance is maintained at 1,527, which represents the 50%FR of the rally from the 1,369 low (June 2023) to the 1,684 peak (August 2024), with next upside hurdles seen at the 61.8%FR (1,564) and the 76.4%FR (1,610). "Immediate support remains at the 23.6%FR (1,444) with stronger supports seen at the 1,400 psychological level, followed by the June 2023 low of 1,369," it said in its technical commentary. Malacca Securities in its review said the rally could be capped as the domestic market will be closed tomorrow for the Labour Day holiday. In its sectoral analysis, the broker said it observed certain technology counters forming round bottom formations such as SNS, Dufu Technology and ViTrox. Meanwhile, it said solar-related counters are trending higher, presenting trading opportunities for longer-term growth under the NETR masterplan. Malacca Securities said investors might also consider MYEG, which has partnered with MIMOS to launch the Malaysia Blockchain Infrastructure (MBI), aimed at driving blockchain innovation and digital asset integration across industries. Stocks seeing positive trading action included Nestle, rising 92 sen to RM85.14, Cyberview rising 26 sen to RM2.35 and Kawan adding nine sen ot RM1.47. Most actively traded counters included Nationgate jumping five sen to RM1.33, Velesto rising 0.5 sen to 15.5 sen and Avangaad flat at 27.5 sen.
Barnama
29-04-2025
- Business
- Barnama
Malaysia Blockchain Infrastructure (MBI) Ushers a New Era For Malaysia's Blockchain
BUKIT JALIL, April 29 (Bernama) -- In a significant boost to Malaysia's digital economy and in support of the Government Digital Asset initiative, MIMOS Berhad today announced the operationalisation of the Malaysia Blockchain Infrastructure (MBI), a neutral and trusted platform for digital services and innovation across sectors. This milestone marks a pivotal moment in the nation's technological advancement, as MBI emerges as a strategic technological innovation and a core component of Malaysia's National Blockchain Roadmap, aligned with the Malaysian MADANI vision. Developed to be a catalyst for creativity, MBI fosters an environment where developers and innovators can explore and build cutting-edge blockchain applications that drive value and transformation across industries. The establishment of the MBI stands as a pivotal catalyst for the nation's digital advancement, purposefully developed to foster sustainable digital integration and support the creation of a cohesive, future-ready national digital infrastructure. This initiative is driven by MIMOS in strategic collaboration with its principal partner and key contributor, MyEG, underscoring a shared commitment to accelerating Malaysia's digital transformation and innovation agenda.
