Sidec launches Token-X to accelerate Malaysia’s digital asset and Web3 ecosystem

• Targets real-world asset tokenisation, digital securities & blockchain infrastructure
• Provides startups with mentorship, investment access & regulatory support to scale

The Selangor Information Technology and Digital Economy Corporation (Sidec) has launched Token-X, an accelerator programme focused on digital assets and blockchain, aimed at strengthening Malaysia’s position in the emerging Web3 economy.

Part of Sidec’s broader Triple-X Accelerator framework, Token-X supports high-potential startups and scale-ups in building, validating, and scaling solutions across digital finance and tokenisation. The programme reflects Selangor’s continued push to strengthen its role as a regional digital economy leader.

It focuses on key areas including:

• Real-World Asset (RWA) Tokenisation – enabling fractional ownership and unlocking liquidity in assets such as property and infrastructure
• Commodities and Carbon Credits – supporting digital marketplaces for sustainable assets and blockchain-verified carbon trading
• Digital Securities and Token Offerings – enabling startups and SMEs to raise capital through regulated tokenised investment products
• Blockchain Infrastructure and RegTech Solutions – building secure and compliant systems for digital finance
• Digital IP and NFT Innovation – enabling new models for ownership, licensing, and monetisation of intellectual property

The programme also spans broader areas including decentralised finance (DeFi), fintech, regtech, and insurtech.

Token-X will provide participating startups with access to industry mentors, investors, and strategic partners, while supporting navigation of regulatory and market landscapes and enabling real-world application of blockchain technologies.

“Token-X reflects Selangor’s commitment to building a future-ready digital economy by empowering founders to move beyond experimentation into real-world application,” said Yong Kai Ping, ceo of Sidec. “As digital assets and tokenisation reshape global industries, we aim to support innovators in developing scalable and compliant solutions that position Malaysia at the forefront of this transformation.”

The programme builds on Sidec’s track record in nurturing startups and SMEs, expanding its focus into high-growth sectors such as Web3 and digital assets.

Token-X represents a strategic step in positioning Malaysia within the global digital asset landscape, with a focus on enabling real-world use cases and driving innovation across industries.

The initiative also complements broader national and state-level efforts to strengthen the digital economy through emerging technologies, alongside developments in artificial intelligence and semiconductors.

Applications for Token-X are now open. Click here to apply.

Startups, founders, and innovators building in Web3, blockchain, and digital assets are encouraged to apply.