BGA and Masverse Launch $100K Joint Fund to Drive Blockchain Innovation for Sustainable Development
In a significant advancement for Malaysia's blockchain ecosystem and sustainable development initiatives, the Blockchain for Good Alliance (BGA) and Masverse have formalized a strategic partnership through the signing of a $100,000 joint fund agreement. The ceremony, held on April 4th at TS Law Tower, marks the beginning of a collaborative effort to accelerate blockchain adoption for social impact in the Malaysia region and beyond.
A Partnership with Purpose
The newly established BGA x Masverse Joint Fund represents more than just financial backing for blockchain projects. It embodies a shared commitment to leveraging distributed ledger technology for addressing real-world challenges, particularly those aligned with the United Nations' Sustainable Development Goal 9: Industry, Innovation, and Infrastructure.
Glenn Tan, Lead & Managing Partner of BGA, emphasized the strategic importance of the partnership:
"Masverse has always been a key partner for the BGA. Collaborating with Masverse on this major initiative through our joint fund dedicated to supporting real-world blockchain innovation on MasChain is an exciting venture. This will empower developers and startups to build impactful, scalable solutions aligned with one of the 17 United Nations' Sustainable Development Goals. I'm looking forward to exploring how MasChain will be positioned strategically as a blockchain layer capable of advancing ESG projects."
The signing ceremony was witnessed by Datuk Ts. Fadzli Abdul Wahit, Senior Vice President and Head of Digital Transformation & Digital Investment Office at Malaysia Digital Economy Corporation (MDEC), highlighting the national significance of this initiative in advancing Malaysia's digital economy agenda.
Fund Structure and Focus Areas
The $100,000 fund will be strategically allocated between direct grants to promising blockchain projects and prize pools for upcoming hackathons. This approach ensures support for both established teams with proven concepts and emerging innovators with fresh ideas. Of this fund, $20,000 will be an exclusive investment pool direct from Masverse to a top project. The remaining $80,000 form a collaborative equity-free grant pool that will be used for hackathon bounties, events and other incentives for notable projects in this landmark collaboration.
Innovations will be built on MasChain, Masverse's public-permissioned blockchain, providing a robust infrastructure for developing solutions across multiple sectors.
The fund specifically targets blockchain applications in:
- Supply chain transparency and efficiency
- Token-based reward infrastructures
- Educational technology initiatives
- Financial inclusion platforms
- Public good infrastructure
Bridging Global Vision with Local Innovation
What makes this partnership particularly noteworthy is its focus on localized implementation of global sustainable development frameworks. By aligning with SDG 9 while leveraging Malaysian technological expertise and infrastructure, the BGA x Masverse Joint Fund creates a bridge between international standards and regional execution.
“This collaboration drives industry innovation with real-world blockchain solutions," said KK Chew, CEO of Masverse. "At Masverse, we provide the Layer-1 infrastructure that builds trust and delivers measurable impact."
Looking Ahead: Hackathons and Beyond
The first major initiative under this partnership will be a blockchain hackathon, details of which will be announced in the coming weeks. The event will invite developers, entrepreneurs, and industry experts to collaborate on blockchain solutions that demonstrate practical applications with measurable impact.
Beyond the hackathon, both organizations have expressed commitment to providing continued support for promising projects, including mentorship, technical resources, and potential follow-on funding for initiatives that show significant potential.
A Foundation for Future Growth
As blockchain technology continues to mature beyond its speculative origins, partnerships like the BGA x Masverse Joint Fund represent the next evolution in the technology's development—focused on practical applications, sustainable impact, and inclusive growth.
"The BGA remains committed to forming catalytic partnerships like this—collaborations that bridge global vision with local innovation," said Glenn Tan. "Stay tuned; we're just beginning."
The registration period is now live on https://chainforgood.org/joint-fund/masverse, complete with full details of the BGA <> Masverse Joint Fund.
About Blockchain for Good Alliance (BGA)
The Blockchain for Good Alliance (BGA) is a long term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real-world problems.
The BGA supports startups through its comprehensive incubation programs and sponsors global hackathons, uniting top innovators to develop solutions for real-world issues. BGA’s work is rooted in fostering partnerships with industry leaders, governments, and educational institutions to ensure that the growth of blockchain technology is aligned with the broader well-being of society.
About Masverse
Powering Digital Trust Through Blockchain Innovation
Masverse is a pioneering blockchain ecosystem delivering secure, scalable, and transparent solutions for the digital economy. At its core is MasChain, a Layer-1 blockchain providing the infrastructure to support governments, enterprises, and developers in transforming ideas into real-world impact.
From education and finance to ESG and supply chain, Masverse offers a complete ecosystem designed to enable trust, enhance system integrity, and accelerate digital innovation.
Visit www.masverse.com