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.

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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).

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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.

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

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"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."

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Strengthening Malaysia's Interest Scheme Landscape

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

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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].

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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].

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3. Exchange of Partnership Agreement: MyKapital x Enho Grace & Partners (EGP)

• Enho Grace & Partners, a leading law firm specialising in corporate advisory, regulatory compliance, and interest schemes, will provide legal and compliance support for MyKapital's platform. This partnership ensures adherence to the Interest Schemes Act 2016 and enhances MyKapital's regulatory framework for its clients.
• "SSM Interest Schemes are reshaping how businesses access capital. Our role is to ensure compliance while unlocking opportunities for growth," said  [Founding Partner of EGP, Mr. Lim Enho].

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Driving Digital Transformation in Interest Scheme Management

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With the adoption of MyKapital's platform, the collaboration between WI Edu, MyKapital, FISOM, and EGP paves the way for a new era of digital compliance and investor transparency. The agreements highlight:

• Enhanced Security & Transparency: Utilisation of blockchain technology to secure transactions and automate reporting.
• Regulatory Compliance: A streamlined approach to managing interest schemes within the framework set by the Suruhanjaya Syarikat Malaysia (SSM).
• Investor Confidence: Providing seamless digital tools for subscribers to track and manage their investments.

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These collaborations reinforce Malaysia's position as a leader in financial innovation and provide a solid foundation for future advancements in the digitalisation of financial schemes.

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About MyKapital Platform Sdn Bhd

MyKapital Platform Sdn Bhd, a subsidiary of Masverse Holdings Sdn Bhd, is Malaysia's pioneering digital platform for managing approved interest schemes. Designed to enhance transparency and investor relations, MyKapital provides a subscription management system, ensuring seamless tracking, reporting, and compliance. For more information, please visit www.mykapital.my.

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