MyKapital Officially Launches With Strategic Partnerships To Digitise Interest Scheme Management

KUALA LUMPUR, Malaysia, Feb. 18, 2025 /PRNewswire/ -- In a landmark move towards digitalising interest scheme management, MyKapital Platform Sdn Bhd, a subsidiary of Masverse Holdings Sdn Bhd (a Malaysian blockchain ecosystem builder), officially launched today at Menara SSM @ Central, Kuala Lumpur.

The launch was marked by three significant agreements:

1. Exchange of a Memorandum of Understanding for Collaboration between MyKapital and the Federation of Internet Scheme Operators Malaysia Berhad (FISOM).
2. Exchange of a Service Agreement for Digitalised Interest Scheme Investors Relations between WI Edu Sdn Bhd and MyKapital.
3. Exchange of a Partnership Agreement for Compliance and Consultation Support between MyKapital and Enho Grace & Partners (EGP).

MyKapital, an innovative digital platform, is designed to facilitate the subscription and management of approved interest schemes through secure and compliant processes. This industry-led initiative aligns with Suruhanjaya Syarikat Malaysia's (SSM) Interest Scheme Blueprint and Malaysia's vision of fostering a more robust, technology-driven financial landscape.

According to Mr. Koay Seong Jiann, Managing Director of MyKapital,

"The official launch of MyKapital is a significant milestone in revolutionising interest scheme management. By leveraging digital solutions, we aim to enhance trust, transparency, security, and efficiency in interest scheme investor relations while providing seamless subscription management for all stakeholders. The collaboration with industry stakeholders creates opportunities to digitalise existing and future interest schemes, including the tokenisation of interest schemes, which will enable a secondary market leveraging Masverse's blockchain technology."

Strengthening Malaysia's Interest Scheme Landscape

As part of the launch, three key partnerships were formalised:

1. Memorandum of Understanding: MyKapital x FISOM

• The MoU with FISOM underscores a shared commitment to promoting best practices in interest scheme operations. By fostering collaboration and knowledge exchange, this partnership aims to strengthen industry governance, compliance, and innovation.
• "FISOM is happy to collaborate with MyKapital to improve SME funding options via the digital interest scheme ecosystem in Malaysia and provide a safe space for investors." said [Founding Chairman of FISOM, Mr. Choo Chin Thye].

2. Exchange of Service Agreement: MyKapital x WI Edu

• WI Edu, Malaysia's first education interest scheme provider, will integrate MyKapital's blockchain-based platform to manage its WI Hybrid Investment Scheme. This collaboration ensures secure transactions, real-time performance tracking, and enhanced investor relations.
• "This partnership with MyKapital is crucial in digitalising our investment schemes, ensuring greater transparency and efficiency for our stakeholders," said [CEO of WI Edu Sdn Bhd, Mr. Elven Choo Siew Horng].