Geno Group releases a revised version of its white paper, developed in collaboration with the MARii and ACO Tech, on the adoption of enterprise blockchain

KUALA LUMPUR – Geno Group has released a revised version of its white paper, developed in collaboration with the Malaysia Automotive, Robotics and IoT Institute (MARii) and ACO Tech, focusing on the adoption of enterprise blockchain solutions and tokenisation within Malaysia’s automotive and mobility ecosystem.

The updated white paper builds on the original publication released in June 2024 and further aligns its terminology and conceptual framework with Bank Negara Malaysia’s publication, “Asset Tokenisation in the Malaysian Financial Sector” dated 30 October 2025.

The white paper outlines the Web3 Direct-to-Customer (W3-D2C) framework centred on a tokenised loyalty points model. The framework is designed to address key commercial challenges in Malaysia’s automotive landscape by enabling transparent incentives and data flows across a multi-stakeholder ecosystem. It presents the procedures and processes underpinning this model, with a focus on turning loyalty mechanisms from passive liabilities into programmable engagement tools that support referrals and long-term participation.

As part of this framework, the white paper also presents the design of a permissioned, MYR-denominated settlement unit (“MYRG”) intended to support faster, more transparent B2B settlement within the ecosystem. The introduction of MYRG is already under discussion with the relevant regulator, and its implementation is envisioned to operate within clearly defined programme rules and applicable regulatory requirements.

Geno remains committed to continue working with ecosystem partners in Malaysia to further develop and validate commercially viable tokenisation use cases, in a manner that supports alignment with the principles outlined by Bank Negara Malaysia. These efforts are intended to contribute to the responsible adoption of tokenisation within enterprise and mobility ecosystems.

“The Adoption of Enterprise Blockchain Solutions and Tokenisation in Managing Electric Mobility Systems” Version 2025.12 is available for download at https://www.geno.io/resourcelibrary

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ABOUT MALAYSIA AUTOMOTIVE, ROBOTICS AND IOT INSTITUTE (MARII)

MARii is an agency under the Ministry of Investment, Trade and Industry (MITI). MARii serves as the focal point, coordination centre and think tank for the nation’s automotive industry, supporting technology development, human capital, supply chain enhancement, market outreach and aftersales capabilities across the automotive ecosystem. For more information, visit https://www.marii.my/

ABOUT GENO GROUP LIMITED

Geno Group Limited is a UK-based technology company specialising in Blockchain-as-a-Service (BaaS) infrastructure and tokenomics solutions for real-world, behaviour-driven incentives. Geno enables enterprises to deploy permissioned blockchain systems for trusted data, programmable rewards and smart-contract-based settlement. For more information, visit https://www.geno.io/

ABOUT GENO EDGE (MALAYSIA) SDN. BHD.

Geno Edge (Malaysia) is Geno’s regional operational arm for Southeast Asia, responsible for the deployment and governance of GenoChain and regulatory engagement in Malaysia. For more information, visit https://genotech.my/ 

ABOUT ACO TECH SDN BHD 

ACO Tech Sdn Bhd, established in 2019 as a joint venture between PROTON, ECARX and Altel Communications, is a leading smart mobility provider in Southeast Asia, delivering intelligent and connected mobility solutions across data, IoT, and digital automotive ecosystems. For more information, visit https://acotech.my/