Zetrix/MYEG signs MOU with MaiCapital to launch virtual asset fund


Kuala Lumpur, Malaysia, April 23, 2024 /CNW/ — Zetrix Foundation and MY EG Services Berhad (“MYEG”) signed a Memorandum of Understanding (MoU) with Malaysian licensed virtual asset management company MaiCapital Hongkongcooperate to launch virtual asset funds or Hongkong Virtual asset exchange-traded fund (ETF) products.

Zetrix Foundation and MY EG Services Berhad signed a memorandum of understanding with MaiCapital to cooperate in launching virtual asset funds or Hong Kong virtual asset exchange-traded fund (ETF) products. From left to right: Marco Lim, Managing Partner of MaiCapital Limited; TS Wong, Group Managing Director of MY EG Services Berhad; Dr. Liu Zhiwei, Chairman of GoFintech Innovation Limited, a Hong Kong listed company, and shareholder of Mai Capital.Zetrix Foundation and MY EG Services Berhad signed a memorandum of understanding with MaiCapital to cooperate in launching virtual asset funds or Hong Kong virtual asset exchange-traded fund (ETF) products. From left to right: Marco Lim, Managing Partner of MaiCapital Limited; TS Wong, Group Managing Director of MY EG Services Berhad; Dr. Liu Zhiwei, Chairman of GoFintech Innovation Limited, a Hong Kong listed company, and shareholder of Mai Capital.

The MoU focuses on the joint issuance of the Securities and Futures Commission Hongkong (Securities and Futures Commission)-approved ETFs, which include a basket of cryptocurrencyFor example Bitcoin and Zetrix, and others that may be suitable cryptocurrency.

The partnership comes after Zetrix, developed by MYEG, announced a strategic alliance with Web3Labs HongkongIt is a giant in the field of Web3 development and investment, alongside venture capital firm Summer Capital.Together they work to move forward Hong Kong’s Web3’s ambitions and positioning Zetrix as the blockchain infrastructure of choice for applications that meet the following requirements Hongkong The government’s goal, a measure launched earlier this year.

The collaboration between MYEG and MaiCapital is timely, as the China Securities Regulatory Commission has begun approving several asset managers to launch their first projects Bitcoin and Ethereum ETF.

TS Wong, Managing Director of MYEG, said that this cooperation marks another milestone in the integration of digital assets into mainstream finance.

“MYEG is pleased to partner with MaiCapital, a leading provider of virtual asset (VA) fund services. Hongkongexpand our product range cryptocurrency Provide investors with a choice of virtual asset funds or ETFs.The partnership aims to provide investors with additional avenues to diversify across multiple sectors cryptocurrencythereby helping to mitigate the risks and volatility associated with owning a single asset cryptocurrency”.

Managing Partner, MaiCapital Limited, Mark Lin Said that this cooperation proves Hong Kong’s Embracing Web3 technologies and positioning yourself as a hub of innovation in this space is paying off.

“VA is a key part of the vibrant Web3 ecosystem, and more and more leading Web3 players are recognizing Hong Kong’s Take a progressive but cautious approach to Web3. Our latest MoU with Zetrix Foundation/MYEG is another proof of this,” he said.

About Zetrix

Zetrix is ​​a layer-1 public blockchain that facilitates smart contracts and provides privacy, security, and scalability. Zetrix’s crypto infrastructure can be introduced to multiple industries, connecting governments, businesses and their citizens to the blockchain-based global economy.Developed by MY EG Services Bhd, cross-border and cross-chain integration China’s The National Public Blockchain Spark BIF enables Zetrix to act as a blockchain gateway to facilitate global trade by deploying key building blocks of Web3 services such as Blockchain-based Identification Numbers (BIDs) and Verifiable Credentials (VCs) .

website: https://www.zetrix.com/

About MY EG Services Bhd (“MYEG”)

MYEG is Malaysia’s The premier digital services company. MYEG began operations in 2000 as a flagship e-government service provider and continues to play a leading role in driving technological change in the region, bringing diverse and complete innovations ranging from online delivery of key government services to various business sectors Products in areas such as immigration, automotive, healthcare and financial services. MYEG is committed to being firmly at the forefront of the region’s digital revolution and leveraging the potential of blockchain technology to improve all aspects of life, and is actively pioneering the technology’s adoption in its key markets. MYEG operates in key regional markets such as Filipino and Indonesia.

website: https://www.myeg.com.my/

McLaren Capital Limited (“McLaren Capital”)

MaiCapital is a leading virtual asset investment management company Hongkong and a pioneer in applying institutional investment practices to innovative fields. cryptocurrency space.The company aims to provide cryptocurrency– Investors who prefer to have legally compliant products that provide positive returns and provide maximum protection.

McLaren Capital wins SFC award Hong Kong’s (SFC) approves the management of funds containing up to 100% virtual assets. The company is required to comply with the SFC’s “Pro forma Terms and Conditions for Licensed Corporations Managing Virtual Asset Portfolios”.

In early 2019, the company launched its first cryptocurrency-Theme products, blockchain opportunity fund. The fund’s multi-strategy investment approach has gained global recognition. LondonHeadquartered investment data firm Preqin ranks its 2021 returns among the top three global hedge funds Asia.

website: https://www.macapital.io/

(PRNewswire/Zetrix)(PRNewswire/Zetrix)

(PRNewswire/Zetrix)

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Source: Zetrix

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