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DRB-HICOM, Geno Group in collaboration

The Star·02/25/2026 23:00:00
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PETALING JAYA: DRB-HICOM Bhd has signed a memorandum of collaboration (MoC) with Geno Group Ltd and its Malaysia subsidiary, Geno Edge (Malaysia) Sdn Bhd, to accelerate enterprise blockchain adoption across DRB-HICOM’s businesses.

In a joint statement, the parties said the MoC is also 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,” read the joint statement.