Malaysia Launches National Blockchain Infrastructure

Malaysia launched an infrastructural blockchain platform designed to serve as the foundation of the country’s national digital ecosystem and a single access point for government Web3 services.

MIMOS Berhad, in partnership with MyEG, officially unveiled the Malaysia Blockchain Infrastructure (MBI), a key component of the country’s national blockchain development roadmap. The platform aims to accelerate Malaysia’s digital transformation and become the core of its evolving digital economy. This new infrastructural initiative is set to unify the blockchain landscape and provide inclusive access to decentralized technologies.

MBI is a unified platform intended to simplify the development and deployment of blockchain applications across various sectors, from government registries to cross-border verification. Its architecture is built on the Zetrix blockchain, is compatible with Ethereum, Solana, and private blockchains, and enables cross-chain integration and streamlined interoperability between different platforms.

Key areas of application include:

• digital identity verification (MyDigitalID);
• non-fungible token (NFT) management;
• decentralized finance (DeFi) development;
• supply chain tracking, among others.

The implementation of MBI became possible through strategic collaboration between the public sector, research organizations, and businesses. Among the first integrators are companies like Masverse, Cokeeps, iTrace, Heitech Padu, and others. They’re already leveraging MBI to launch solutions in digital identity, asset tokenization, and data storage.

The platform aims to boost liquidity in digital markets by aggregating resources and reducing transaction costs. MBI is expected to act as a catalyst for sustainable digital growth and innovation, while ensuring security, transparency, and scalability. Thanks to MBI, decentralized technologies will become accessible to all citizens, regardless of their level of digital literacy.

The project is set to strengthen Malaysia’s position as a regional leader in blockchain development, creating a favorable environment for attracting investment and highly skilled talent. The country’s authorities showed a supportive attitude toward Web3 technologies and cryptocurrencies, with plans for legalization reported in 2022.