Malaysia’s MYEG has signed an MoU with Singapore Trade Data Exchange Services (SGTraDex).
The strategic partnership seeks to enable both parties to collaboratively facilitate seamless, digital cross-border trade between Malaysia and Singapore – setting a new standard for digital trade connectivity in the ASEAN region.
Under the terms of the agreement, MYEG’s Zetrix and SGTraDex will explore the technical integration of their respective platforms to enable a secure and interoperable channel for the exchange of trade-related data. The collaboration aims to catalyse the transition from paper-based to digital trade flows, including the use of verifiable electronic records, aligned with the region’s push for trade facilitation and supply chain resilience.
Dato’ Fadzli Shah, Co-Founder, Zetrix, said: “We’re creating the building blocks for a digitally unified ASEAN, one that reduces friction, enhances trust and accelerates growth.”
Tan Chin Hwee, Chairman, SGTraDex, said:
“By aligning efforts with close partners like Malaysia, we are taking steps toward greater interoperability and connectivity, which will contribute to more inclusive digital growth across the region.
The collaboration supports the ASEAN Digital Economy Framework Agreement (DEFA) and complements broader efforts to enable mutual recognition of Digital ID, electronic trade documents and regulatory credentials across borders.
With blockchain technologies such as MYEG’s Zetrix Layer-1 chain and frameworks like TradeTrust on SGTraDex, immutability and traceability of verified information exchanged between governments and enterprises is ensured – fostering greater transparency and security in cross-border transactions.
