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 ofMasverse Holdings Sdn Bhd (a Malaysian blockchain ecosystem builder), officially launched today atMenara SSM @ Central,Kuala Lumpur.

The launch was marked by three significant agreements:

1. Exchange of a Memorandum of Understanding for Collaboration between MyKapital and theFederation of Internet Scheme Operators Malaysia Berhad (FISOM).
2. Exchange of a Service Agreement for Digitalised Interest Scheme Investors Relations betweenWI Edu Sdn Bhd and MyKapital.
3. Exchange of a Partnership Agreement for Compliance and Consultation Support between MyKapital andEnho 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 andMalaysia'svision of fostering a more robust, technology-driven financial landscape.

According toMr.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."

StrengtheningMalaysia'sInterest Scheme Landscape

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

1. Memorandum of Understanding: MyKapital x FISOM

• TheMoU with FISOMunderscores a shared commitment topromoting best practicesininterest scheme operations. By fosteringcollaboration and knowledge exchange, this partnership aims tostrengthen industry governance, compliance, and innovation.
• "FISOM is happy to collaborate with MyKapital to improve SME funding options via the digital interest scheme ecosystem inMalaysiaand 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'sfirst education interest scheme provider, will integrateMyKapital's blockchain-based platformto manage itsWI Hybrid Investment Scheme. This collaboration ensuressecure 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].

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

• Enho Grace& Partners, a leading law firm specialising incorporate advisory, regulatory compliance, and interest schemes, will providelegal and compliance supportfor MyKapital's platform. This partnership ensuresadherence to the Interest Schemes Act 2016and enhances MyKapital'sregulatory framework for its clients.
• "SSM Interest Schemes are reshaping how businessesaccess capital. Our role is to ensure compliance while unlocking opportunities for growth," said  [Founding Partner of EGP, Mr. Lim Enho].

Driving Digital Transformation in Interest Scheme Management

With the adoption ofMyKapital's platform, the collaboration betweenWI Edu, MyKapital, FISOM, and EGP paves the way for a new era ofdigital compliance and investor transparency. The agreements highlight:

• Enhanced Security& Transparency: Utilisation ofblockchain technologyto secure transactions and automate reporting.
• Regulatory Compliance: A streamlined approach tomanaging interest schemeswithin the framework set by theSuruhanjaya Syarikat Malaysia (SSM).
• Investor Confidence: Providing seamlessdigital tools for subscribersto track and manage their investments.

These collaborations reinforceMalaysia'sposition as a leader in financial innovation and provide a solid foundation for future advancements in thedigitalisation of financial schemes.

About MyKapital Platform Sdn Bhd

MyKapital Platform Sdn Bhd, a subsidiary of Masverse Holdings Sdn Bhd, isMalaysia'spioneering 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 visitwww.mykapital.my.

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SOURCE MyKapital Platform Sdn. Bhd.