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Zetrix secures $40 million investment and plans to spin off its AI subsidiary for NASDAQ listing
Mars Finance reports that, according to Bloomberg, Malaysian digital infrastructure service provider Zetrix AI Bhd has secured approximately $40 million in equity financing from the World Bank investment arm, International Finance Corp, to expand digital infrastructure in Malaysia, Southeast Asia, and other emerging markets. The two parties will collaborate through a subsidiary planning to go public on Nasdaq to advance projects such as supporting the national digital identity system and blockchain service network in Malaysia. 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.