[BLOX Secures $1 Million Seed Funding to Advance MYRC Stablecoin Expansion] According to Fintech News Malaysia, Malaysian digital asset infrastructure company BLOX has completed a $1 million seed funding round to expand the MYRC stablecoin pegged to the Malaysian Ringgit, develop products for enterprises and institutions, strengthen compliance and regulatory communication, and drive regional expansion. The round was led by Kivo Technology, a tech investment platform under a Singapore-based venture capital firm, with participation from existing shareholders and new investors. BLOX stated that the cumulative trading volume of MYRC has grown over 33 times in the past 12 months and that MYRC was previously showcased in a domestic blockchain payment proof-of-concept project. Currently, BLOX operates in Malaysia without a clear regulatory framework and continues to engage with regulatory authorities.