World Bank Group's IFC Investment to Enhance Digital Public Infrastructure in Malaysia

World Bank Group’s IFC Invests in Zetrix AI for Digital Transformation

In a strategic move to bolster digital public infrastructure in Malaysia and surrounding ASEAN markets, the World Bank Group, through its International Finance Corporation (IFC), has recently committed an impressive RM155.6 million (approximately USD 40 million) to Zetrix AI Berhad. This funding aims to enhance access to crucial Digital Public Infrastructure (DPI) services by leveraging advanced technologies such as blockchain and artificial intelligence.

Judith Green, the World Bank Group Country Manager for Malaysia, emphasized the importance of this investment, stating that it reflects IFC's commitment to supporting the country's digital transformation agenda as outlined in Malaysia's Thirteenth Plan for 2026-2030. According to Green, the development of robust Digital Public Infrastructure services is pivotal for improving public service delivery, growing the economy, and ensuring sustainable, inclusive growth.

Zetrix AI, known for pioneering blockchain applications in the public and private sectors across ASEAN, plans to utilize the funds to roll out new, blockchain-based DPI applications and AI-driven products. These innovations will focus on enhancing digital inclusivity, service accessibility, and economic efficiency. In particular, the services will integrate seamlessly with Malaysia’s digital ecosystem through projects like MyDigital ID and the Malaysia Blockchain Infrastructure (MBI), which form the backbone of the country's national digital identity and blockchain network.

The applications and products developed under this initiative have far-reaching implications. From verifying digital IDs to digitizing international trade processes, Zetrix AI is poised to optimize efficiency, security, and cost-effectiveness in various services. Moreover, this investment will allow Zetrix AI to expand its DPI service offerings beyond Malaysia, tapping into emerging markets across the ASEAN region and beyond.

TS Wong, the Group Managing Director of Zetrix AI, highlighted that projects incorporating digital IDs, digitized customs clearance, large language models, and stablecoins are designed to catalyze transformative change across the region. By leveraging IFC's market access, the company anticipates accelerating its global expansion efforts.

IFC stands out as the largest global development institution focused on private sector initiatives within emerging markets. Operating in over 100 countries, it aims to mobilize private capital and solutions to alleviate poverty and foster economic development on a livable planet. For the fiscal year 2025, IFC has committed a record $71.7 billion to private companies and financial institutions in developing countries, further exemplifying their dedication to creating market opportunities.

Zetrix AI Berhad, originally known as MY E.G. Services Berhad, has positioned itself as a leader in deploying blockchain technology and AI solutions tailored for both public and private sectors in the region. With roots dating back to 2000, the company has evolved from providing electronic government services to becoming a frontrunner in technology transformation, responding to the increasing demand for seamless, secure, and intelligent digital transactions and services. Leveraging its Layer-1 blockchain platform and embracing innovations in Web3, AI, and robotics, Zetrix AI is dedicated to enhancing digital identity interoperability, automation, and overall service efficiency.

With the backing of the World Bank Group’s IFC, Zetrix AI is primed for a transformative journey that will not only enhance Malaysia’s digital infrastructure but also set a precedent for the rest of the ASEAN region. As the digital landscape continues to evolve, investments like this are crucial for paving the way for smarter, more inclusive, and sustainable public services in the emerging markets of Southeast Asia.