Partnership Signed to Enhance Blockchain-Powered Trade Between Malaysia and Singapore

MYEG, a Malaysian e-government and digital services provider, has signed a Memorandum of Understanding (MoU) with Sgtradex, Singapore’s national digital infrastructure for trade data exchange, to facilitate seamless blockchain-powered trade between Malaysia and Singapore. The agreement, signed at the ASEAN-GCC-China CEO Roundtable, aims to enhance digital connectivity in the ASEAN region by enabling interoperable, cross-border digital solutions. Under the MoU, MYEG’s Zetrix and Sgtradex will explore technical integration to create a secure channel for exchanging trade-related data, transitioning from paper-based to digital trade flows. This collaboration supports the ASEAN Digital Economy Framework Agreement and aims to foster greater transparency and security in cross-border transactions. The partnership is expected to serve as a foundation for broader regional integration, including potential connections with China and Gulf Cooperation Council countries.