
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.
5. Market trends & opportunities
Local-currency stablecoins are emerging as settlement instruments for regional trade, and Malaysia is among the Southeast Asian markets testing ringgit-backed tokens under evolving rules. Regulatory status remains a key risk, so buyers should review licensing before adoption. Vietnamese firms trading with Malaysia may follow this development.
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.
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