The World Bank Group, through its private-sector arm, the International Finance Corporation (IFC), has invested in Zetrix AI Berhad to improve access to Digital Public Infrastructure (DPI) services in Malaysia and across emerging markets in the broader ASEAN region and beyond.
"This investment reflects IFC's commitment to advancing Malaysia's digital transformation agenda, in line with the Thirteenth Malaysia Plan, 2026-2030," said Judith Green, World Bank Group country manager for Malaysia. "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."
Improving access to digital public infrastructure services
The RM155.6 million (or USD40 million) investment aims to support blockchain-based DPI applications and artificial intelligence (AI)-enabled product development and rollout to improve digital inclusion, access to services, and economic efficiency in the region.
These new services would integrate with Malaysia's digital identity system MyDigital ID and the Malaysia Blockchain Infrastructure (MBI), the country's national blockchain service network.
"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," said TS Wong, group managing director of Zetrix AI. "With the participation and market access from IFC, we will accelerate our global expansion plans."
