In a groundbreaking partnership, Zetrix Foundation, MY E.G. Services Berhad (MYEG), and MaiCapital have announced their collaboration to launch a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products. This strategic alliance aims to issue a Securities and Futures Commission of Hong Kong (SFC) approved ETF, comprising a basket of cryptocurrencies, including Bitcoin and Zetrix, and potentially other suitable cryptocurrencies. The collaboration aligns with MYEG’s strategic alliance with Web3Labs Hong Kong and venture capital firm Summer Capital, driving Hong Kong’s Web3 aspirations and positioning Zetrix as the preferred blockchain infrastructure for applications aligned with the Hong Kong government’s objectives for Web3 development and innovation. This timely collaboration coincides with the SFC’s recent approvals for spot bitcoin and ethereum ETFs to several asset managers, underscoring the growing momentum and recognition of virtual assets in Hong Kong’s financial landscape. Zetrix, a layer-1 public blockchain, facilitates smart contracts, delivering privacy, security, and scalability. Its cryptographic infrastructure serves multiple industries, connecting governments, businesses, and citizens to a global blockchain-based economy. Developed by MYEG, Zetrix’s cross-border and cross-chain integration with China’s national public blockchain Xinghuo BIF enables it to serve as a blockchain gateway, facilitating global trade and deploying critical building blocks for Web3 services such as Blockchain-based Identifiers (BID) and Verifiable Credentials (VC). MYEG, Malaysia’s premier digital services company, has consistently played a leading role in driving technological change in the region. Its diverse range of innovations spans the online delivery of major government services to commercial offerings in immigration, automotive, healthcare, and financial services, among others. Embracing the potential of blockchain technology, MYEG actively pioneers its adoption across its main markets, including the Philippines and Indonesia. MaiCapital, a leading virtual assets investment manager in Hong Kong, is a pioneer in applying institutional investment practices to the innovative cryptocurrency space. The firm aims to offer crypto-inclined investors with legitimate and compliant products that provide positive returns with maximum protection. MaiCapital has received SFC’s approval to manage funds that may comprise up to 100% virtual assets. This collaboration marks another significant milestone in integrating digital assets into mainstream finance and underscores Hong Kong’s commitment to Web3 and its positioning as a hub for innovation in this space. As virtual assets become an increasingly integral part of the global financial landscape, the partnership between Zetrix Foundation, MYEG, and MaiCapital is poised to drive the adoption and accessibility of virtual assets in Hong Kong and beyond.
Zetrix Foundation Collaborates with MYEG and MaiCapital for Virtual Asset Fund or ETF Launch in Hong Kong
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