Celebrus Advisory, a consulting firm for blockchain development and business tokenization, has been recognized as one of the Top 10 Best Blockchain Technology Consulting/Services Companies in Asia-Pacific for 2019.

The distinction was bestowed by APAC CIO Outlook, a trade journal based in Silicon Valley for chief information officers (CIOs), chief technology officers (CTOs), and other senior-level IT buyers throughout the Asia-Pacific (APAC) region.

The journal identifies and profiles emerging firms that provide cutting-edge solutions to enterprises in APAC by conducting in-depth background research on hundreds of vendors for every tech and industry vertical.

Celebrus, a compliance-first firm registered and based in Malaysia, joins an elite tier of past winners, including global industry leaders such as Singapore’s Huobi and China-based Vechain. This year’s list features leading names such as Quoine, based in Japan, and Australia’s Forestlyn.

In receiving the award, Celebrus co-founder Edmund Yong called the recognition a “huge validation” for the startup as it plays on the global stage, adding that his company serves a need for “proper risk management and due diligence” in a new and growing industry.

Calling his firm a “Malaysian success story,” Yong said the startup shares the honor with the local blockchain industry, stressing there was no need to be relegated to serving as merely a “blockchain backyard” to other countries. Instead, he said Malaysian talents should be put on the map and have their services exported to the rest of the world.

Expertise in the regulatory and technical aspects of blockchain and its applications in the crypto-driven economy were cited as the winning considerations for Celebrus by APAC CIO Outlook.

Celebrus is a member of ACCESS Blockchain Association, the main industry body that promotes and advances the adoption of blockchain technology in Malaysia and the ASEAN region.  It is described as platform-agnostic and welcoming of financial and non-financial use cases of blockchain. The Association’s stated objectives include holding talks and giving lectures at education institutions to raise public awareness about the technology, as well as approaching various organizations and institutions for collaboration on application development.

Rene Bernard, President of ACCESS Blockchain Association, said such international recognition shows there is growing economic potential for the industry, noting that many Malaysian technopreneurs in the space are “a force to be reckoned with,” citing Celebrus as the latest example. He also said ACCESS nurtures homegrown talents and startups to “empower the nation through blockchain technology”.

As an Industry 4.0 technology, blockchain is regarded as a key infrastructural pillar of the Digital Economy that Malaysia is pushing towards. Its regulators, comprising Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC), have recently established a regulatory framework for digital assets.

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