BLOX MYRC Ringgit Stablecoin Infrastructure

Organization
BLOX · Malaysia
Solution Type
Platform
Collaboration
Business Collaboration (Joint Venture)

1. Technology overview

BLOX is a Malaysian fintech building digital asset infrastructure around MYRC, a stablecoin pegged one-to-one to the Malaysian ringgit. Its website presents a platform for fintechs and institutions to build cross-border fiat and blockchain payment solutions within a compliance framework.

MYRC is available on Arbitrum, Ethereum, Solana and Base, and BLOX lists ecosystem partners including AWS, BitGo, Entrust, TRM Labs and LSEG Risk Intelligence. A news report states BLOX currently operates outside a specific regulatory framework in Malaysia and engages with regulators.

2. Highlighted features & specifications

  • MYRC stablecoin: token backed one-to-one by Malaysian ringgit reserves.
  • Multi-chain support: issued on Arbitrum, Ethereum, Solana and Base.
  • Cross-border payments: fiat and blockchain payment building blocks for fintechs.
  • Compliance framework: partnerships with blockchain analytics and risk data providers.
  • Custody and security: ecosystem partners such as BitGo and Entrust.
  • BLOX app: application for accessing MYRC and tokenised products.

3. Potential application

  • Vietnamese exporters settling ringgit-denominated trade with Malaysian buyers.
  • Fintechs building cross-border payment corridors to Malaysia on a ringgit token.
  • Treasury teams testing on-chain settlement within compliance limits.

4. Benefits

  • Provides a ringgit-denominated stablecoin for settlement between businesses and institutions.
  • Multi-chain availability across Arbitrum, Ethereum, Solana and Base.
  • Compliance tooling partners listed include TRM Labs and LSEG Risk Intelligence.
  • Lowers the barrier for companies building blockchain-based payment products.

6. Other information

Malaysian fintech per Dealroom coverage; founded year and address not stated on the website. USD 1 million seed (2026-08-14) led by Kivo Technology. Per press reports BLOX operates outside a specific regulatory framework in Malaysia.

Not ready to connect yet?

Save this solution and come back when you are ready to talk to the provider

Trusted by Our Partners

TechFest VietnamIOM – UN MigrationGIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit)APED – Cục Phát triển doanh nghiệp tư nhân và kinh tế tập thểSIHUB – Startup and Innovation Hub of Ho Chi Minh CityHợp tác Đức (Deutsche Zusammenarbeit)SCE & Investment PromotionStartup Vietnam Foundation (SVF)National Startup Support Center (NSSC)01BoosterQuest VenturesBộ Tài chính (Ministry of Finance)ITPC – HCMC Investment and Trade Promotion CentreJICA – Japan International Cooperation AgencyNational Innovation Center (NIC)UK GovernmentBCG – Boston Consulting GroupHAWEEHeineken VietnamTalentnetMB BankVIREA – Liên chi hội Bất động sản Công nghiệp Việt NamJobTestGlobal Supply Chain Support Fund / Aavishkaar CapitalKDANPSE / JPS – Phúc Sang MinhG-AsiaPacificBlueScopeLPBankUlsan Center for Creative Economy & InnovationĐại học Bách khoa Hà Nội – Trường Điện - Điện tửVINK – Vietnam Innovation Network in KoreaTencent WeStart (Shenzhen)Ulsan CollegeK-StartupFaslinkShinhan Future's LabShinhan SecuritiesShinhan FinanceShinhan BankShinhan Life

Start with the right connection

We make innovation easy to access for every business everywhere. The next deal is you.

Contact Us