BLOX Raises $1M Seed

BLOX, a Malaysian stablecoin company, has secured $1 million in seed round financing to advance its blockchain-based financial infrastructure. The company is actively working on the development of its Malaysia Ringgit backed stablecoin, MYRC.

Investors

This funding round was led by Kivo Technology, the technology investment division of the Singapore-based venture capital firm.

BLOX Use of Funds

The company plans to use the capital to expand the development of its Malaysia Ringgit backed stablecoin, MYRC. These funds will support its ongoing efforts in blockchain-based local payment scenarios, including participation in domestic blockchain payment proof-of-concept projects in Malaysia.

About BLOX

BLOX is a Malaysian stablecoin provider focused on developing digital assets tied to local currency. The company is currently exploring the use of its MYRC stablecoin for blockchain-based local payment scenarios through proof-of-concept projects within Malaysia.

Funding Details

Company Website: https://blox.my

Company: BLOX
Raised: $1M
Round: Seed
Funding Date: August 14, 2026
Lead Investor: Kivo Technology
Software Category: Fintech
Source: https://www.chaincatcher.com/en/article/2282925