17/08/2026
BLOX has raised US$1 million in seed funding.
Almost four years ago, we started with a simple question:
What would it take to make the Malaysian Ringgit work natively on-chain?
That question led to $MYRC, a Ringgit-backed stablecoin designed for on-chain settlement.
Over the past 12 months, MYRC transaction volume has grown more than 33x. The round was led by Kivo Technology, the technology investment arm of a Singapore-based venture fund, with participation from new and existing investors.
The funding will support:
• Building out the BLOX product suite
• Strengthening our infrastructure and capabilities
• Supporting regulatory engagement
• Creating greater value for the market
This is still early but the direction is clear: financial infrastructure should be built around the currencies and workflows businesses already use. For us, that means continuing to build better infrastructure for MYR on-chain.
Thank you to our investors, partners, users and everyone who has supported BLOX along the way. We’re just getting started.
Read the full story from Fintech News Malaysia:
BLOX raises US$1 million in seed funding to expand its ringgit-backed stablecoin MYRC and digital asset products in Malaysia.