Zetrix Secures $40M IFC Investment, Plans Nasdaq IPO for AI Subsidiary

Malaysian digital infrastructure provider Zetrix AI Bhd. has announced it has secured approximately $40 million in equity financing from the International Finance Corporation (IFC), an investment arm of the World Bank. The funds are earmarked for expanding digital infrastructure across Malaysia, Southeast Asia, and other emerging markets.

The collaboration will see Zetrix and the IFC work together on projects, including the advancement of Malaysia's national digital identity system and blockchain service network. A key component of this strategy involves the planned Nasdaq listing of a Zetrix subsidiary.

According to Zetrix Managing Director TS Wong, the company's AI business unit, AI Foundation Lab, is targeting a Nasdaq IPO by the end of 2026.

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