Malaysia and Singapore Launch Blockchain Trade Bridge
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Malaysia’s MYEG and Singapore’s SGTraDex have inked a Memorandum of Understanding to establish a blockchain-based trade corridor, marking a pivotal advancement in ASEAN’s digital commerce infrastructure. The collaboration leverages MYEG’s Zetrix Layer-1 blockchain and SGTraDex’s TradeTrust platform to enable tamper-proof, auditable data flows between governments and businesses.
This initiative sets a regional precedent for cross-border trade digitization, eliminating friction in documentation and compliance processes. The technical integration focuses on interoperability between national systems, signaling broader adoption of distributed ledger technology in institutional trade frameworks.
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