BYC Ventures Expands to Malaysia Through MOSTI-backed Blockchain Initiative

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Philippine blockchain firm BYC Ventures (Bayanichain) said it has entered Malaysia through a strategic partnership with Malaysia Blockchain Infrastructure, an initiative under the country’s Ministry of Science, Technology and Innovation (MOSTI), to provide blockchain infrastructure services for government and enterprise systems.

Partnership Anchored Under MOSTI Initiative

Malaysia Blockchain Infrastructure, accessible via malaysiablockchain.my, is positioned as a national framework to support blockchain deployments within government agencies and enterprise environments.

• Under the agreement, Lumen will provide blockchain-as-a-service (BaaS) capabilities designed for document verification, audit trails, digital asset anchoring and cross-agency data integrity, according to the company statement.
• BYC Ventures said its infrastructure stack is designed to support configurable blockchain environments aligned with sovereign governance requirements while maintaining interoperability standards.

Philippines Track Record Cited

BYC Ventures said its Malaysia expansion builds on prior government-facing deployments in the Philippines:

• The company-powered blockchain implementations across the Department of Budget and Management (DBM), the Department of Information and Communications Technology (DICT) and the Department of Public Works and Highways (DPWH).
• According to the firm, these systems support tamper-evident document verification, auditability and record anchoring within operational government workflows.

Still, Bayanichain’s government-linked blockchain initiatives in the Philippines have not been without scrutiny.

Civic advocate Ann Cuisia previously raised concerns over transparency, procurement processes and the scope of blockchain deployments within public agencies.

Questions centered on implementation details, technical auditability and whether proper competitive bidding procedures were followed:

Regional Integration Strategy Across ASEAN

Across Southeast Asia, governments have increased focus on digital identity, data integrity and tokenization frameworks as part of broader digital economy programs. Malaysia and the Philippines have both advanced regulatory and infrastructure initiatives tied to digital assets and public sector digitization.

BYC Ventures said aligning technical frameworks between the two countries could contribute to a more interoperable regional ecosystem for digital governance.

• Paul Soliman, chairman of BYC Ventures, said the Malaysia partnership forms part of a broader ASEAN expansion strategy aimed at connecting digital infrastructure and trust frameworks across borders.
• Gelo Wong, co-founder and chief growth officer of BYC Ventures, said Malaysia’s digital sector accounts for nearly 23% of national GDP, citing the country’s momentum under MOSTI’s digital agenda. [FACT-CHECK NEEDED: Latest official GDP contribution figure.]

No financial terms of the partnership were disclosed.

This article is published on BitPinas: BYC Ventures Expands to Malaysia Through MOSTI-backed Blockchain Initiative

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