Malaysian founders working on blockchain, tokenisation or Web3 infrastructure have until 22 May to slot into a Selangor government-backed accelerator. Sidec, the state's digital economy arm, has called the final week of applications for Token-X 2026, its 12-week programme built around real-world asset tokenisation, decentralised finance and digital banking.
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What Token-X actually puts on the table
The Selangor Digital Asset and Tokenomic Xccelerator, to use its formal name, runs from June through September, with a semi-final and final demo day landing inside the September window. Applications are free. Shortlisted teams pay a one-time RM6,480 commitment fee (inclusive of 8% SST) to unlock the full programme.
The structure splits into three tracks: a blockchain and tokenisation track covering tokenomics fundamentals and cap table strategy; a "blueprint to scale" track on branding, growth and capital strategy; and a "demo day ready" pitch track. The accelerator's positioning sits at Technology Readiness Levels 4 to 7, which means Sidec is looking for teams past the napkin stage with a proof of concept or MVP, not seed-of-an-idea startups.
The mentor and partner lineup
Sidec has flagged a fresh wave of mentors for the 2026 cohort, including Dr Ian Tan, managing partner at Activ8 and the organiser behind Malaysia Blockchain Week; Johan Nassier of Project Web3ducate (previously NFTPangolin); and Chin Tseng, a principal at Taipei-based regional VC AppWorks. The supporting bench from prior cohorts has included Karen Lau from Sunway iLabs, Watson Tan from The Hive Southeast Asia, and Aaron Kee from CARSOME.
On the partner side, Token-X has lined up MRANTI as innovation partner, Plug and Play APAC as global partner, Fiuu as payment partner, and VC partners that include The Hive, Gobi Partners, HB Ventures and FIRST MOVE. Universiti Malaya is the academic partner. Ecosystem partners span MDEC, MATRADE, Yayasan Hasanah, SuperteamMY and the Malaysia Blockchain Week organisers.
What founders get for the RM6,480
Sidec values the programme perks at roughly RM300,000 across mentorship hours, cloud and AI tools, marketing consultancy, fundraising introductions, conference passes and innovation trips, plus a year of hot-desk access at the Selangor Sandbox co-working space at PFCC Puchong for up to two people per company. The top four teams take home a RM20,000 cash prize, an innovation trip and direct investor introductions.
Eligibility runs to early-stage Malaysian-incorporated startups (pre-seed to seed, founded within the last seven years) with at least an MVP. Teams need a technical lead in blockchain or AI and a business lead with finance, compliance or operations grounding. At least two founders or core team members must commit to the full 12 weeks.
Why this matters for the Malaysian Web3 scene
The country has spent the last two years trying to find its footing in regulated digital finance, with Bank Negara's tokenisation experiments, the Securities Commission's digital asset framework, and a growing roster of licensed exchanges. Token-X is one of the first state-government accelerators specifically built around the tokenisation and Web3 angle, rather than treating crypto as a side topic inside a general fintech programme.
For founders sitting on a half-built tokenisation platform or a regtech tool with no regulator-facing path, an accelerator with university, government, VC and ecosystem signal in one room is rare in Malaysia.
How to apply
Applications close 22 May. The form sits on the Token-X landing page at sidec.com.my/token-x. Shortlisted companies will be notified by email and asked to send a company profile (maximum 20 pages) and a 60-second video pitch explaining why the team should be in the cohort.