Malaysia Digital Economy Corporation has been known for its primary task to manage and take the lead Malaysia’s digital economy forward. As MDEC is positioned to ramp up the Malaysia 5.0, a concept that will work towards and contribute to a more sustainable and circular economy.
Digital asset exchanges will play an important role as they offer participants the ability to monetise their activities over digital infrastructure, essentially serving as the capital markets for Malaysia 5.0. Challenges that businesses face currently include the inability to deploy capital and move assets seamlessly between legacy platforms. This is a historic problem for exchanges that persisted since their inception as floor-based marketplaces and are still present even after legacy platforms moved over to electronic trading.
As for the future of exchanges, it will combine digital and traditional assets in ways that can potentially change the decades-old exchange model. The impact of such changes will be dramatic, especially for start-ups and SMEs. Tokenisation and blockchain-based solutions will revolutionise the ability for smaller companies to raise capital as it makes the process more streamlined and cost-effective.