Recent developments in Malaysia's technological landscape highlight significant advancements in digital assets and infrastructure. Major players like Luno, NTT DATA, and Tenaga Nasional Berhad (TNB) are making strides to enhance the country's position as a digital hub in Southeast Asia, focusing on innovation, sustainability, and economic growth.
Key Takeaways
- Luno Malaysia is expanding its offerings and has reached one million customers.
- NTT DATA is set to develop a major data center in Johor Bahru with a capacity of 290 megawatts.
- TNB and Bridge Data Centres have signed a 400MW power deal to support the growing demand for digital infrastructure.
Luno's Expansion in Digital Assets
Luno, a leading digital asset exchange in Malaysia, is optimistic about the local market's potential. With over one million customers and a 32% growth in cumulative transaction volume, Luno is working closely with regulators to expand its range of digital currencies. The company has processed more than 72 million transactions, showcasing the increasing interest in cryptocurrencies among Malaysians.
Luno's recent initiatives include:
- Launching a new digital product by early 2025.
- Offering syariah-compliant Ethereum staking, catering to Muslim investors.
- Introducing Luno Institutional for professional traders and fund managers.
The exchange has seen a notable increase in female customers, indicating a positive trend towards gender parity in the industry.
NTT DATA's New Data Center
NTT DATA has announced the acquisition of land in Gelang Patah, Johor Bahru, for a new data center that will become one of the largest in the APAC region. The facility will feature six dedicated buildings with a total IT load capacity of approximately 290 megawatts, with the first building expected to launch in April 2027.
Key features of the new data center include:
- Advanced technologies like direct liquid cooling for AI applications.
- A commitment to sustainability, aiming for net-zero emissions by 2030.
- Enhanced digital infrastructure to support economic growth in the region.
TNB and Bridge Data Centres Collaboration
In a significant move to bolster Malaysia's digital infrastructure, TNB and Bridge Data Centres have signed a 400MW Electricity Supply Agreement. This partnership aims to meet the energy needs of the MY07 data center, currently under construction in Johor Ulu Tiram.
Highlights of the agreement include:
- Rapid deployment of energy solutions within 12 months.
- Incorporation of renewable energy into operations.
- A focus on sustainability and carbon reduction in data center operations.
This collaboration reinforces Malaysia's status as a thriving hub for data center operations, aligning with global trends in green energy.
Conclusion
The advancements in Malaysia's technological infrastructure, driven by key players like Luno, NTT DATA, and TNB, are setting the stage for a robust digital economy. With a focus on innovation, sustainability, and inclusivity, Malaysia is poised to become a leading digital hub in Southeast Asia, attracting investments and fostering growth in the digital asset and data center sectors.
Sources
- Luno Malaysia to expand range of offerings, new product out by early 2025, thesun.my.
- NTT DATA Announces Land Acquisition for New Data Center in Malaysia, services.global.ntt.
- TNB and Bridge Data Centres Ink 400MW Power Deal to Boost Malaysia's Digital Hub Status, Cloud Data Center Events.
