Zetrix receives $40 million investment from World Bank and plans to spin off its AI subsidiary for a Nasdaq listing

PANews, February 26 — According to Bloomberg, Malaysian digital infrastructure service provider Zetrix AI Bhd. has secured approximately $40 million in equity financing from the World Bank investment institution International Finance Corp. to expand digital infrastructure in Malaysia, Southeast Asia, and other emerging markets. The two parties will advance projects through a subsidiary planned to be listed on Nasdaq, 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 a Nasdaq listing by the end of 2026.