DRB-HICOM and Geno Group Sign MoC to Accelerate Enterprise Blockchain Adoption and Explore MYR Stablecoin

Feb 25
2 min read

SHAH ALAM, 25 February 2026: DRB-HICOM Berhad (“DRB-HICOM”) today signed a Memorandum of Collaboration (“MoC”) with Geno Group Ltd. and its Malaysia subsidiary, Geno Edge (Malaysia) Sdn. Bhd. (“Geno”), to accelerate enterprise blockchain adoption across DRB-HICOM’s businesses and for the joint exploration and potential launch of a Malaysian Ringgit-backed stablecoin, as well as related use-cases subject to applicable laws and regulatory approvals.

The collaboration establishes a strategic framework for the phased adoption of Geno’s blockchain solutions (including the GenoChain consortium permissioned blockchain, tokenomics and smart contracts design, as well as enterprise integration capabilities) across the DRB-HICOM Group’s businesses in mobility, automotive manufacturing and servicing, financing, logistics, banking, and other industrial sectors.

In parallel, the parties will develop the infrastructure for a Malaysian Ringgit-backed stablecoin to be issued and operated on a permissioned blockchain framework, designed initially for application within the DRB-HICOM ecosystem and, where appropriate, selected external participants. The initiative will address operational needs such as programmable business-to-business settlement and scalable digital settlement that may integrate with existing regulated banking rails and Malaysia’s financial market infrastructure. As part of this exploration, the parties will evaluate tokenised deposit use-cases issued by licensed banking institutions and potential interbank settlement models, in compliance with applicable legal and regulatory requirements.

The initiative aligns with Malaysia’s evolving digital asset framework, including Bank Negara Malaysia’s Digital Asset Innovation Hub (“DAIH”), which seeks to foster industry collaboration on programmable payments, tokenised deposits, and other digital settlement innovations.

A Joint Steering Committee comprising representatives from both organisations will oversee strategic direction and regulatory coordination to ensure disciplined execution and long-term scalability.

This MoC sets a strong foundation to deploy enterprise blockchain and to pioneer an industrial-scale Malaysia Ringgit stablecoin anchored in the real-economy. Together, DRB-HICOM and Geno will build solutions that are secure, scalable, and designed to deliver operational success for Malaysia’s financial and industrial transformation.

About DRB-HICOM Berhad

DRB-HICOM is one of Malaysia’s leading group of companies with core businesses in the mobility, banking, postal, services, and properties industrial sectors. With 89 active companies in its stable and more than 44,000 employees group-wide, DRB-HICOM’s aim is to continue adding value and propelling the nation’s development. For more information visit https://www.drb-hicom.com/

About Geno Edge (Malaysia) Sdn. Bhd.

Geno is the Malaysia subsidiary of Geno Group Limited, a global technology company specialising in Blockchain-as-a-Service infrastructure and digital financial solutions. Geno provides blockchain system designed for enterprise use cases and financial market infrastructure for business-to-business settlement. For more information visit https://genotech.my/ or follow on X, LinkedIn