For employers · workers · HR & EOR partners

Payroll for
Malaysia's web3
economy.

20,000+ workers earn over RM 2.5 billion annually in crypto-denominated salaries across Malaysia, almost entirely through informal channels. MYRT is the first compliant rail that lets that money flow into the local banking system the right way.

See how it works → For HR & EOR partners
3M+
Salaried workers
across Malaysia
100+
HR, PSP & EoR
partners
1:1
Ringgit-backed in
segregated accounts
// PAYROLL FLOW LIVE · COMPLIANT
MYRT MYRT MYRT EMPLOYER HR · EOR · PAYROLL WORKER EPF SOCSO LHDN BANK 01 · FUND 02 · MINT 03 · DISTRIBUTE 04 · OFF-RAMP
3M+
Salaried workers across Malaysia
100+
HR, PSP & EoR partners
T+0
Settlement to bank via DuitNow
2
Networks live · Ethereum & Polygon
01 - The Compliance Gap

From informal
to compliant.

Today, RM 2.5 billion+ in annual web3 payroll flows through informal channels, peer-to-peer trades, OTC desks, foreign exchanges. Workers want to do the right thing. The infrastructure to do so simply hasn't existed. MYRT closes the gap.

TODAY · WITHOUT MYRT
How crypto workers get paid now.
  • ✕Salaries arrive as digital assets or native tokens, outside any local payroll system.
  • ✕Workers convert through peer-to-peer trades, OTC desks, or underground money changers.
  • ✕No EPF, SOCSO, or EIS contributions on these earnings.
  • ✕No LHDN-recognised income records, workers can't prove income for loans, rent, or visas.
  • ✕Funds enter the local banking system through informal channels, raising compliance concerns.
  • ✕Workers vulnerable to scams, frozen accounts, and counterparty risk.
WITH MYRT
Compliant by default.
  • ✓Employer pays via HR partners: global EOR platforms, APAC-focused EORs, or local Malaysian providers.
  • ✓Paid in Ringgit.
  • ✓EPF, SOCSO, EIS handled automatically through the HR partner integration.
  • ✓LHDN-ready year-end forms; full income records for loans, rent, and visa applications.
  • ✓Settles into the worker's existing Malaysian bank account via DuitNow.
  • ✓Worker-side KYC; transactions visible and auditable from end to end.
RM 2.5B+

In annual web3 salaries that could flow through compliant Malaysian channels, supporting EPF, SOCSO, LHDN, and the local banking system, once workers have the infrastructure to make that choice.

// STATUTORY AUTHORITIES MYRT SUPPORTS

EPF, SOCSO, EIS, and LHDN reporting are handled by the HR or EOR partner running the payroll batch. MYRT provides the on-chain settlement rail; the statutory layer stays with the partner.

KWSP / EPF
EPF / KWSP
Provident Fund
PERKESO
PERKESO
Social Security
SOCSO
SOCSO
Workplace Injury
EIS
EIS
Employment Insurance
LHDN
LHDN
Inland Revenue
02 - The Flow

From employer in Berlin
to engineer in Bangsar.

A walk-through of how a single payroll cycle moves through MYRT, fully compliant, settled in minutes, off-ramped on payday.

/01
EMPLOYER
Funds payroll batch

Employer wires USD/EUR to MYRT's HR partner. Partner verifies worker eligibility: Malaysian resident or De Rantau pass holder.

/02
MINT
MYRT minted at peg

USD/EUR converted at BNM reference rate. Equivalent MYR held in segregated accounts. MYRT minted 1:1 against verified reserves.

/03
DISTRIBUTE
Workers receive in-wallet

MYRT lands in worker's wallet on payday. Employer-side payslip generated with full tax and contribution breakdown.

/04
WORKER
Hold, spend, or off-ramp

Spend at SEZ merchants, hold in-wallet as savings, or pull instantly to a Malaysian bank account via the DuitNow rail.

03 - The Paper Trail

A real payslip,
in two views.

Every cycle generates an employer filing for the partner's payroll engine and a worker payslip for the wallet. Both reconcile back to the same MYRT mint, the same segregated reserves, and the same DuitNow off-ramp.

Employer filing
CYCLE · 2026/01/PAYRUN
FROM HR PARTNER
// GROSS WAGE INPUT
Contract amountUSD 5,000.00
BNM reference rate4.4502
Gross MYR equivalentRM 22,251.00
// EMPLOYER STATUTORY
EPF (13%)RM 2,892.63
SOCSO employerRM 86.65
EIS employerRM 7.90
HRD levy (1%)RM 222.51
// WORKER DEDUCTIONS
EPF (11%)RM 2,447.61
SOCSO workerRM 24.75
EIS workerRM 7.90
PCB monthly taxRM 1,985.00
NET TO MINTRM 17,785.74
SUBMITTED · KWSP · PERKESO · LHDN ✓ FILED
Worker payslip
PAY DATE · 2026/01/31
IN WALLET
// EARNINGS
Base salaryRM 22,251.00
AllowancesRM 0.00
// DEDUCTIONS
EPF (employee 11%)- RM 2,447.61
SOCSO- RM 24.75
EIS- RM 7.90
PCB- RM 1,985.00
// EMPLOYER CONTRIBUTIONS
EPF (13%)+ RM 2,892.63
SOCSO + EIS+ RM 94.55
NET PAY · MYRT17,785.74 MYRT
// SETTLEMENT
Wallet credit17,785.74 MYRT
DuitNow off-rampRM 17,785.74
Local bank · ****6411CONFIRMED
EA-FORM READY · LHDN INCOME TRAIL ✓ SETTLED
04 - LHDN Reporting

Year-end forms,
handled at the partner layer.

MYRT does not file taxes. The HR or EOR partner does, the same way they do for any salaried Malaysian worker. What changes is that crypto-denominated income now produces clean, audit-ready paperwork instead of a year of OTC or underground money changer screenshots.

For the employer

Audit-ready filing
  • Form E: Annual return of remuneration paid to all employees, generated automatically per cycle.
  • CP8D: Statement of remuneration, with worker-by-worker breakdown.
  • EPF Form A: Monthly EPF contribution submission for both employer and employee portions.
  • SOCSO & EIS Form 2: Monthly social security and employment insurance returns.
  • PCB Schedular: Monthly tax deduction submitted via the e-PCB portal.
  • HRD levy: 1% levy submission for HRD Corp, where applicable.

For the worker

Income trail you can use
  • EA Form: Year-end statement of earnings, ready for personal e-Filing.
  • EPF i-Saraan record: Month-on-month contributions visible in the KWSP app.
  • Bank-stamped DuitNow trail: Every off-ramp creates a settled credit on a Malaysian bank statement.
  • Loan-application income proof: Six-month rolling payslip history exportable for mortgage and personal loan reviews.
  • Visa & rental documentation: Income certification for landlord vetting and immigration paperwork.
  • De Rantau renewal pack: A consolidated 12-month earnings statement for digital nomad pass renewals.
05 - HR & EOR Partners

Working with the
infrastructure you already use.

MYRT plugs into the same global HR and Employer-of-Record platforms that already manage compliant payroll. No parallel system. No new vendors. Just an additional payment rail.

Global EOR platforms

The world's leading Employer-of-Record platforms serving thousands of companies hiring across borders.

APAC-focused EORs

Singapore- and APAC-headquartered EORs with strong Malaysian compliance coverage.

Web3-native payroll

Modern payroll platforms popular with web3 and tech employers running distributed teams.

Distributed-team platforms

Employment platforms supporting compliant Malaysian onboarding for global companies.

Local EORs

Malaysia-based Employer-of-Record providers for in-country compliance.

E-wallet partners

Malaysian e-wallets and digital payment providers integrating MYRT for spend, top-up, and merchant settlement.

BNM-aligned

HR partners support BNM-aligned compliance for tax and contributions.

+ More to come

Additional Southeast Asian EOR and fintech partners onboarding pre-launch.

06 - Workers using MYRT

Who's already earning
in crypto, locally?

Across Malaysia, workers from the world's leading web3 companies are receiving salaries in crypto. These are some of the typical profiles MYRT is designed to serve, drawing salaries denominated in digital assets or native tokens, and converting them into Ringgit they can spend, save, and send.

// PROFILE 01
Smart contract engineer
Bangsar, KL · paid by a US-based protocol

Salary lands in digital assets every two weeks. Today she off-ramps through three different exchanges. Tomorrow it settles to her bank account on payday with full LHDN paperwork.

Digital asset Bi-weekly DuitNow
// PROFILE 02
Product designer
George Town, Penang · paid by a Singapore exchange

Mixed salary: digital asset base plus native token bonuses. Wants the EPF contributions she'd get at any local employer, plus a clean income record when she applies for her next mortgage.

Stable + Native Monthly EPF / SOCSO
// PROFILE 03
DevRel lead
Cyberjaya · paid by an L1 foundation

Travels often, paid in stablecoins. Needs an income trail that satisfies visa officers, landlords, and tax authorities, without the OTC dance every payday.

Digital asset Monthly Visa-ready
// PROFILE 04
Research analyst
Iskandar, Johor · De Rantau pass holder

Long-term resident on the digital nomad pass. Wants to spend locally, save in Ringgit, and stop explaining peer-to-peer trade screenshots to her bank.

Digital asset Monthly De Rantau
// PROFILE 05
Community manager
Subang Jaya · paid by a global L2 team

Hourly contractor paid weekly in digital assets. Needed a way to make weekly micro-payments add up to a clean monthly EA-form line for her side-hustle tax filings.

Digital asset Weekly Form CP58
// PROFILE 06
Senior data scientist
Mont Kiara, KL · paid by an exchange in Dubai

Six-figure digital asset base. Family-sized EPF goals and a big-bank mortgage in progress. Needs the contributions and the clean trail more than anyone, and was paying both PWC and an OTC desk to fake it.

Digital asset Monthly Mortgage-grade
07 - Networks & Custody

Multi-chain by design,
banked in Malaysia.

MYRT mints on the chains employers and HR partners already use, and settles into Ringgit. Every token in circulation is backed 1:1 by an equivalent MYR deposit, no fractional reserve, no re-hypothecation.

Live on the chains payroll already runs on.

Pick the network your HR or EOR partner uses today. Salaries arrive on-chain, off-ramp through DuitNow.

ETH
Ethereum
Mainnet · ERC-20
POL
Polygon
PoS · ERC-20
L2
More to come
EVM-compatible
DN
DuitNow
Off-ramp · T+0

Reserves you can verify.

Reserves sit in segregated accounts, with attestations published on a regular cadence and reconciled to on-chain supply.

1:1
Fully reserved
Ringgit · 1-for-1
SEG
Segregated accounts
Off-balance-sheet
ATT
Attestations
Regular cadence
DN
DuitNow
Off-ramp · T+0
08 - Onboarding by role

A clear path
for every role.

Whether you're paying, processing, or being paid, the onboarding is short and the heavy lifting is done by the partner layer. Three paths, the same outcome: compliant Ringgit in a Malaysian bank account.

For employers
Hiring in Malaysia

You're a global team that just hired in KL, JB, or Penang. You want them on a real local payroll with EPF, SOCSO, and EA forms.

  1. Pick an HR or EOR partner from our integrations list.
  2. Sign your worker's local employment contract through them.
  3. Wire USD or EUR each cycle, the partner handles statutory filings.
  4. Worker receives MYRT in-wallet, off-ramps to their bank.
Browse HR partners →
For HR & EOR partners
Plug MYRT into your stack

You already run compliant payroll for Malaysian employees. MYRT adds an on-chain settlement option without changing your filing workflow.

  1. Sandbox API access for the mint, distribute, and reconcile endpoints.
  2. Webhook into your payroll engine for cycle confirmations.
  3. White-label payslip generation with the MYRT off-ramp footer.
  4. Co-marketing with the launch cohort of MYRT employers.
Talk to our team →
For workers
Get paid the right way

You're earning digital assets or native tokens. You want EPF, an EA form, and a bank statement that doesn't make your loan officer nervous.

  1. Ask your employer if they're already with a MYRT-integrated HR partner.
  2. Complete worker-side KYC, link your Malaysian bank account.
  3. Choose your default off-ramp behaviour: hold, spend, or auto-settle.
  4. Receive payslip, EA form, and DuitNow credit each cycle.
Get started →
09 - Why MYRT

Built for regulators
as much as for workers.

MYRT is a limited-purpose stablecoin, not a yield product, not a speculative asset. Every token is backed 1:1 by Ringgit in segregated accounts, and every transaction is auditable end to end.

1:1 Ringgit reserves

Every MYRT in circulation is backed by an equivalent MYR deposit in segregated accounts. No fractional reserve. No re-hypothecation.

Live transparency

Reserve attestations published on a regular cadence. On-chain supply reconciles with off-chain custody, viewable by partners, regulators, and workers.

KYC at the edge

Worker-side KYC via the HR partner. Off-ramps gated to verified Malaysian bank accounts. A compliant rail by design, not retrofit.

Audit-ready paperwork

Every cycle reconciles cleanly across the partner, the reserves, and the on-chain mint. EA forms, bank statements, and EPF records all trace back to the same payroll batch.

10 - FAQ

Common questions.

Quick answers to what employers, HR partners, and workers ask first. For anything deeper, the integration guide and reserves attestation page have the full detail.

Is MYRT regulated?
MYRT is not regulated by Bank Negara Malaysia. Reserves are held in segregated accounts. Statutory payroll obligations (EPF, SOCSO, EIS, LHDN) are filed by HR or EOR partners, not by MYRT itself.
How is the conversion rate decided?
MYRT does not convert any currencies. All such conversions are done through Payment Service Providers each having their own rates. The payslip sees only the Ringgit equivalent, so the worker, the employer, and the auditor all see the same number.
Can I receive MYRT if I'm a foreigner working in Malaysia?
Yes, if you're a De Rantau pass holder or hold an Employment Pass with a local bank account. The HR partner verifies eligibility during onboarding. Workers without a Malaysian bank account can hold MYRT in-wallet but cannot off-ramp through DuitNow.
What happens to EPF and SOCSO contributions on a crypto salary?
The HR partner files them exactly as for any other Malaysian salary. The contract amount in USD or EUR is converted to MYR at the BNM rate, the partner deducts employee EPF (11%), employer EPF (13%), SOCSO, EIS, and PCB tax, and the net amount is what gets minted as MYRT. The worker sees full contributions in their KWSP i-Saraan record from the first cycle.
What chains does MYRT support?
MYRT is live on Ethereum and Polygon. The HR partner routes the mint to whichever chain matches the worker's wallet. Cross-chain bridging is handled at the wallet layer, not at the payroll layer, so the payslip stays clean.
How fast does the off-ramp settle?
Same-day for major Malaysian banks via DuitNow, typically minutes after the worker initiates the off-ramp. Other banks settle on the next DuitNow window, generally within a few hours during banking days.
Can I hold MYRT as savings instead of off-ramping?
No Malaysian bank has undergone bankruptcy and closed down, so holding money in Malaysian banks is considered safe. There's no reason to hold MYRT for savings purposes, as MYRT does not pay savings interest or provide yield.
How do I, as an HR partner, integrate?
Start by contacting us! The integration is typically a 2 to 4 week engineering effort for a partner already running compliant Malaysian payroll. Contact us for the integration guide and the launch cohort details.

Ready to make payroll
compliant?

Whether you're an employer hiring talent in Malaysia, an HR or EOR provider, or a worker wanting clean, traceable income, MYRT is being designed to support it all.

Talk to us →