Zetrix, a layer-1 public blockchain platform by MY E.G. Services Berhad, Web3Labs Hong Kong, a Web3 development and investment firm, and venture capital firm Summer Capital, announced a strategic collaboration to propel Hong Kong’s Web3 ambitions and establish Zetrix as a blockchain infrastructure for HK government-aligned applications.
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.
Leveraging on the partners’ complementary strengths, this partnership shall:
- 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.
- Catalyse Hong Kong’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).
- 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 Hong Kong’s Web3 landscape and serve a global audience.
Zetrix is a layer-1 public blockchain that facilitates smart contracts and delivers privacy, security and scalability. Its cryptographic infrastructure can be introduced to multiple industries to connect governments, businesses and their citizens to a global blockchain-based economy.
Web3Labs leverages its network of over 500 partners throughout the Web3 ecosystem including government bodies, institutions, investors, exchanges and media outlets to foster additional growth and innovation facilitated by the city state.
Summer Capital invests in tech startups, including Asia’s leading licensed virtual asset service provider Hashkey Group, and SEBA Bank, which received approval-in-principle licenses from the Securities and Futures Commission to offer virtual asset services in HK.