Zetrix
A Layer-1 blockchain for enterprises, governments, and cross-border trade
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About Zetrix
Zetrix, a Layer-1 blockchain platform from Malaysia (formerly MY E.G. Services), focuses on digital identity and cross-border trade. In 2026, it secured a $40 million investment from IFC, a member of the World Bank Group, to spin off an AI subsidiary and plan a NASDAQ listing. Additionally, Zetrix obtained its first overseas government blockchain project in the Philippines and plans to create an AI avatar for the Malaysian Prime Minister, expanding its international presence.
As a Web3 industry analyst, here are Zetrix's key developments from 2026-02-28 to 2026-08-31:
Major progress: 1) In July 2026, Zetrix signed an MOU with the Philippines' DICT to serve as the underlying protocol for the Philippines' public blockchain, becoming its second sovereign-grade blockchain infrastructure after Malaysia's MBI. 2) In May 2026, Zetrix partnered with Shenzhen Data Exchange (SZDEX) to build a cross-border data trading platform between ASEAN and China, covering data circulation, trading rules, and ecosystem development. 3) Zetrix launched 'Avatar', a blockchain-based trust protocol for AI agents, jointly developed with the Chinese Academy of Information and Communications Technology, enabling identity-verified AI interactions. 4) Financial performance: Q2 2026 net profit rose 35.2% YoY to RM269.3 million, driven by AI platform subscriptions, Web3 service fees, and node sales.
Future focus: Zetrix will continue advancing blockchain-AI integration, expand sovereign blockchain deployments across ASEAN, and explore a potential Nasdaq listing for its AI lab projects to access global capital. The company aims to lead in digital ID verification, customs clearance (ZTrade), and cross-border data monetization, positioning itself as a bridge between ASEAN and China in state-of-the-art technology deployment.