KUALA LUMPUR, Zetrix AI Bhd said its partnership with Tools for Humanity, the developer behind Worldcoin, remains valid but is currently under review following reports of a raid on a Worldcoin-linked exchange in Thailand.
The agreement — inked last year between Zetrix AI (then known as MyEG Services Bhd), Tools for Humanity and state-owned Mimos Bhd — is “still in effect and presently under further evaluation by the three parties,”.
Thai authorities recently raided a Worldcoin-affiliated iris scanning and exchange site in Bangkok, arresting several individuals for operating an unlicensed digital asset business. The incident has intensified global scrutiny of Worldcoin, which collects biometric data through iris scans to create digital identities — a practice that has raised privacy concerns.
In August 2024, MyEG announced a memorandum of understanding (MoU) with Mimos, the Worldcoin Foundation and Tools for Humanity to explore integrating Worldcoin’s identity verification technology into Malaysia’s blockchain infrastructure.
Mimos clarifies scope of involvement
Mimos, under the Ministry of Science, Technology and Innovation, said its role in the collaboration is limited to technology assessment and development.
“Our participation focuses on evaluating advanced technologies for potential use cases,” the agency said in an emailed statement, adding that all initiatives are guided by national priorities and regulatory frameworks to ensure data security, trust and governance.
The agency reiterated its commitment to supporting Malaysia’s digital transformation agenda through research and strategic partnerships that strengthen the local technology ecosystem.
Zetrix AI distances itself from Worldcoin’s operations
Zetrix AI clarified that neither Worldcoin Foundation nor Tools for Humanity operates any digital asset exchange business and that the company is unaware of any such activities in Malaysia.
While Worldcoin conducts iris-scanning operations locally using its Orb devices, Zetrix AI said its involvement is limited to renting space at its nationwide branches.
“Zetrix AI is not directly involved, although we do rent some space to them where appropriate,” the spokesperson said.
Despite recent developments, Zetrix AI maintains that its collaboration with Mimos and Tools for Humanity continues to hold potential for advancing Malaysia’s blockchain infrastructure initiatives.
