SIDEC Launches Token-X to Boost Malaysia’s Digital Ecosystem and Web3 Economy

SIDEC introduces the Token-X accelerator program to drive blockchain innovation and tokenization, strengthening Malaysia’s digital ecosystem and Web3 economy.

The Selangor Information Technology and Digital Economy Corporation (SIDEC) has announced an accelerator program named Token-X to improve Malaysia’s digital ecosystem and its standing in digital assets, blockchain innovation, RegTech, and the emerging Web3 economy. Token-X, as part of SIDEC’s broader Triple-X accelerator framework, is designed to support startups with high potential to scale-up operations and validate solutions across digital finance and tokenization. Through this program, Selangor aims to further consolidate its positioning as a regional digital economy leader.

Furthermore, accelerating innovation across five key verticals is Token-X’s primary objective. These comprise the following:

Real-world asset (RWA) tokenization – This enables fractional ownership and unlocking liquidity in physical assets such as property and infrastructure.

Commodities and carbon credits – This involves maintaining sustainable assets and promoting blockchain-verified carbon trading by supporting digital marketplaces,

Digital securities and token offerings – To empower startups and SMEs to raise capital through tokenized investment products,

Blockchain infrastructure and RegTech solutions – This comprises building digital finance through secure, compliant, and interoperable systems.

 Digital Intellectual Property (IP) and Non-Fungible Token (NFT) innovation – Through these new models for ownership, licensing, and monetization of creative and intellectual property is achieved.

According to Yong Kai Ping, CEO of SIDEC, “As digital assets and tokenization reshape global industries, we aim to support innovators in developing scalable, compliant, and impactful solutions that position Malaysia at the forefront of this transformation.” Thus, Token-X complements the evolving digital economy by assisting entrepreneurs’ endeavors in shaping the future of finance, ownership, and value creation in a decentralized world. CIO Bulletin views Token-X as being a strategic enabler for founders and innovators to ensure that their solutions are innovative yet commercially viable at the same time.