VSure Tech Sdn Bhd (VSure), one of Malaysia’s leading fintech companies, recently signed a collaboration agreement with Hong Kong-based IT services and solutions company, Coded Solution, to enhance protection solutions through innovative Insurtech and Web3 technologies.
The partnership aims to integrate on-demand and embedded insurance solutions into new and existing partner platforms across the region, potentially reaching over 100 million users. It will also focus on creating a digital asset protection solution in conjunction with V Systems’ Web3 Digital Asset Custodian Platform, specifically designed for financial and corporate clients.
VSure Group CEO Eddy Wong Kok Hoe said that the company is on a mission to continuously innovate and simplify insurance to provide comprehensive financial protection for the mass market.
“Our partnership with Coded Solution is a bold step towards a future where protection solutions are innovative, accessible, and impactful,” he said.
“By combining our expertise in Insurtech with Coded Solution’s prowess in blockchain and Web3 technologies, we are poised to empower businesses and individuals with cutting-edge solutions tailored to their unique needs.”
The agreement was signed in conjunction with the Hong Kong Tech Opportunity and Landing 2024 event at Malaysia Digital Economy Corporation (MDEC).
Coded Solution, headquartered in Hong Kong and a member of the Cyberport Hong Kong group, specialises in delivering innovative, efficient, and secure award-winning blockchain solutions for organisations, including real-world asset tokenisation, supply chain optimisation and ESG initiatives.
This strategic partnership will also involve co-developing a proof of concept for EB FlexiBen Tokenisation for SME insurance solutions and a Web3 proof of concept for Health AI.
“The aim is to strengthen health-fintech solutions and maximise their combined strengths in solution development and regional market reach,” said Wong.
VSure aspires to be at the forefront of digital transformation in the insurance industry.
“We are committed to empowering businesses and individuals to embrace the rapidly changing digital landscape,” he added.
“This collaboration aligns with our vision to make financial protection more accessible and drive innovation in the market.”
