Shah alam: The Selangor Information Technology and Digital Economy Corporation (Sidec) has launched Token-X, an accelerator programme aimed at advancing Malaysia's position in digital assets, blockchain innovation, and the emerging Web3 economy.

According to BERNAMA News Agency, the state government agency has developed Token-X as part of its broader Triple-X Accelerator framework. This initiative is designed to support high-potential startups and scale-ups in building, validating, and scaling solutions across digital finance and tokenisation.

Token-X focuses on accelerating innovation across five key verticals: real-world asset tokenisation, commodities and carbon credits, digital securities and token offerings, blockchain infrastructure and regulatory technology (regtech) solutions, and digital intellectual property and non-fungible token (NFT) innovation. The programme aims to drive innovation in digital assets, blockchain infrastructure, decentralised finance (DeFi), and financial technology, among others.

Through Token-X, founders and innovators will gain access to a structured accelerator environment that bridges technology, business, and regulatory readiness. This ensures that solutions developed are not only innovative but also commercially viable, according to the statement.

Sidec chief executive officer Yong Kai Ping emphasized that Token-X reflects Selangor's commitment to fostering a future-ready digital economy. By empowering founders to move beyond experimentation into real-world application, the programme aims to support innovators in developing scalable, compliant, and impactful solutions that position Malaysia at the forefront of digital transformation.