Zetrix secures $40 million investment from the World Bank and plans to spin off its AI subsidiary for a Nasdaq listing.

PANews reported on February 26th, citing Bloomberg, that Malaysian digital infrastructure services provider Zetrix AI Bhd. has secured approximately $40 million in equity funding from International Finance Corp., a World Bank investment arm, to expand its digital infrastructure in Malaysia, Southeast Asia, and other emerging markets. The two companies will collaborate through a subsidiary slated for a Nasdaq listing to advance projects supporting Malaysia's national digital identity system and blockchain service network. Zetrix Managing Director TS Wong stated that its AI business unit, AI Foundation Lab, aims to complete its Nasdaq listing by the end of 2026.