BYC Ventures, also known as Bayanichain, has announced its entry into the Malaysian market through a strategic collaboration with Malaysia Blockchain Infrastructure. The initiative operates under Malaysia’s Ministry of Science, Technology and Innovation and is intended to support blockchain deployments across government agencies and enterprise systems. Through this partnership, BYC Ventures aims to provide foundational blockchain infrastructure services tailored to public-sector and large-scale institutional use.
Malaysia Blockchain Infrastructure is positioned as a national framework designed to accelerate blockchain adoption within regulated environments. The platform is intended to standardize how blockchain technology is deployed across public institutions, ensuring consistency, security, and interoperability. BYC Ventures has indicated that its participation aligns with Malaysia’s broader digital transformation goals, particularly in strengthening data integrity and trust in digital systems.
Blockchain-as-a-Service Capabilities
Under the agreement, BYC Ventures’ Lumen platform is expected to deliver blockchain-as-a-service capabilities that support document verification, audit trails, digital asset anchoring, and cross-agency data integrity. The company has stated that these services are designed to integrate into existing government and enterprise workflows rather than operate as isolated systems.
BYC Ventures has emphasized that its infrastructure stack is built to support configurable blockchain environments that align with sovereign governance requirements. At the same time, the company has indicated that interoperability standards remain a priority, allowing systems to communicate across agencies and, potentially, across borders. This balance between national control and technical openness is presented as a key differentiator of its offering.
Track Record in the Philippines
The expansion into Malaysia builds on BYC Ventures’ prior government-facing deployments in the Philippines. The company has previously supported blockchain implementations across several Philippine government agencies, including the Department of Budget and Management, the Department of Information and Communications Technology, and the Department of Public Works and Highways.
According to the firm, these implementations enable tamper-evident document verification, improved auditability, and secure record anchoring within operational government processes. BYC Ventures has positioned these deployments as proof points for how blockchain can be embedded into everyday public-sector workflows rather than limited to experimental pilots.
Scrutiny and Transparency Concerns
Despite these deployments, Bayanichain’s government-linked blockchain initiatives in the Philippines have drawn scrutiny. Civic advocate Ann Cuisia has previously raised concerns related to transparency, procurement practices, and the scope of blockchain use within public agencies. These concerns have focused on questions around implementation details, technical auditability, and whether competitive bidding procedures were adequately followed.
Such scrutiny highlights the broader challenges faced by governments adopting emerging technologies, where innovation must be balanced with accountability and public trust. BYC Ventures has not publicly detailed how these concerns have been addressed, but the issues underscore the importance of governance frameworks in public-sector blockchain adoption.
Regional Context and ASEAN Ambitions
Across Southeast Asia, governments have increased their focus on digital identity, data integrity, and tokenization frameworks as part of wider digital economy strategies. Both Malaysia and the Philippines have advanced regulatory and infrastructure initiatives tied to digital assets and public-sector digitization. BYC Ventures has suggested that aligning technical frameworks between the two countries could contribute to a more interoperable regional ecosystem for digital governance.
Paul Soliman, chairman of BYC Ventures, has indicated that the Malaysia partnership forms part of a broader ASEAN expansion strategy aimed at connecting digital infrastructure and trust frameworks across national borders. Meanwhile, Gelo Wong, co-founder and chief growth officer, has pointed to Malaysia’s strong digital sector and momentum under MOSTI’s digital agenda as supportive factors for expansion.
No financial details of the partnership have been disclosed. Nonetheless, the collaboration signals BYC Ventures’ intent to position itself as a regional infrastructure provider for government-grade blockchain systems, with Malaysia serving as a key foothold in its Southeast Asian growth strategy.
