Sidec Launches Token-X To Accelerate Digital Asset, Web3 Ecosystem
KUALA LUMPUR, April 13 (Bernama) -- The Selangor Information Technology and Digital Economy Corporation (Sidec) has introduced Token-X, an accelerator programme aimed at advancing Malaysia’s position in digital assets, blockchain innovation, and the emerging Web3 economy.
The state government agency said that as part of its broader Triple-X Accelerator framework, Token-X is designed to support high-potential startups and scale-ups in building, validating, and scaling solutions across digital finance and tokenisation.
“Token-X focuses on accelerating innovation across five key verticals,” it said in a statement today.
The verticals are real-world asset tokenisation, commodities and carbon credits, digital securities and token offerings, blockchain infrastructure and regulatory technology (regtech) solutions, and digital intellectual property and on-fungible token (NFT) innovation.
“Token-X focuses on accelerating innovation across key verticals including digital assets and tokenisation, blockchain infrastructure, decentralised finance (DeFi), as well as financial tech, regtech, and insurance technology solutions.
“Through Token-X, founders and innovators will gain access to a structured accelerator environment that bridges technology, business, and regulatory readiness, ensuring solutions are not only innovative but also commercially viable,” it said.
Sidec chief executive officer Yong Kai Ping said Token-X reflects Selangor’s commitment to building a future-ready digital economy by empowering founders to move beyond experimentation into real-world application.
“As digital assets and tokenisation reshape global industries, we aim to support innovators in developing scalable, compliant, and impactful solutions that position Malaysia at the forefront of this transformation,” he said.
-- BERNAMA