Zetrix, a leading layer-1 public blockchain platform by MY E.G. Services Berhad (“MYEG”), Web3Labs Hong Kong, a Web3 development and investment powerhouse, and venture capital firm Summer Capital, today announced a strategic collaboration to propel Hong Kong’s (“HK”) Web3 ambitions and establish Zetrix as the preferred blockchain infrastructure for HK government-aligned applications.
Read also – Clime Capital Announce US$127 Mn South East Asia Clean Energy Fund II
Zetrix expands its current mission of government and enterprise-focused Web3 development in alignment with HK’s Fintech Promotion Roadmap, in addition to significant partnerships announced with key stakeholders in China, Malaysia and the Philippines.
Read also – Better Juice Collaborates with Ingredion Incorporated
“We are thrilled to partner with Web3Labs, a trusted leader in the Web3 space,” said Wong Thean Soon, co-founder of Zetrix. “This collaboration will add immense value to Zetrix and provide invaluable support to the burgeoning Web3 ecosystem with key stakeholders in HK. Zetrix and its international supernode on China’s national public blockchain, Xinghuo BIF is the natural choice for Web3 decentralised applications (DApps) that serve the objectives of HK Special Administrative Region (SAR) to be a global crypto hub.”
Read also – Israel-based SeeTree Raises $17.5 Mn Series C Funding
This partnership shall: 1)Enhance Zetrix as the preferred Layer-1 platform for blockchain applications aligned with the HK’s government’s Web3 vision and catalysed by further collaborations with industry and business communities. 2) Catalyse HK’s and the region’s financial systems and technologically forward corporate players to realise structured and concurrent industry trails of innovative blockchain use cases such as Real World Asset (RWA), stablecoin issuance and financial instruments tokenisation to enable localised and international services, which can be connected seamlessly and securely via Self-Sovereign Identity (SSI) and Verifiable Credentials (VC). 3)Launch a dedicated Global Accelerator Program to incubate and nurture promising startups building applications on the Zetrix platform. This program will provide mentorship, technical support, and access to funding opportunities, empowering budding entrepreneurs to contribute to HK’s Web3 landscape and serve a global audience.
Read also – Vicarius Raises $30M Series B Funding
Caspar Wong, CEO of Web3Labs, added, “We are excited to welcome Zetrix as a strategic partner. Their commitment to aligning with the HK vision and fostering innovation makes them the perfect platform for building impactful Web3 solutions. By combining our capabilities and focusing on government and enterprise-aligned applications, both parties aim to foster a thriving Web3 ecosystem that benefits businesses, government entities, and citizens alike.”
Read also – Pakistan-based Sehat Kahani Joins Hands with EFU Health Insurance
Henry Chen, Head of Fintech and Blockchain of Summer Capital, said, “We are glad to connect and join forces with Web3Labs and Zetrix to build an enterprise-grade ecosystem on blockchain infrastructure in HK. We have observed tremendous progress and business development for Web3 here in HK for the past few years. Bringing Zetrix to HK marks our strong commitment to embracing the market and its opportunities.”
Read also – Lighthouse Canton and NH Absolute Return Partners Signs MOU
About Zetrix
Zetrix is a Layer-1 Blockchain Infrastructure designed for Government and Enterprises level #Web3 decentralised applications (dApps). We synergize AI and Blockchain Technologies to build the next generation of real-world applications. Proudly collaborating with China’s National Blockchain, Xinghuo BIF, our network facilitates seamless cross-border data transfer and interoperability with major Public Chains like Ethereum and Private Chains such as Hyperledger.
Read also – DBJ and Epson Invest in 3DEO Inc.
