PANews|Feb 26, 2026 08:52
[Zetrix Secures $40 Million Investment from World Bank, Plans to Spin Off AI Subsidiary for Nasdaq Listing]
According to Bloomberg, Malaysian digital infrastructure service provider Zetrix AI Bhd. has received approximately $40 million in equity financing from the World Bank's investment arm, International Finance Corp., to expand digital infrastructure in Malaysia, Southeast Asia, and other emerging markets. The two parties will collaborate on projects through a subsidiary planned for Nasdaq listing, supporting Malaysia's national digital identity system and blockchain service network. Zetrix Managing Director TS Wong stated that its AI business unit, AI Foundation Lab, aims to complete its Nasdaq listing by the end of 2026.
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