Jeff Yew plans technology campus revival at Forest City in Malaysia
Summary
A Malaysian crypto investor is exploring a plan to revitalize a tech campus left vacant by the collapse of Balaji Srinivasan’s Network School, with hopes of reinvigorating the project that attracted numerous entrepreneurs to Malaysia. Jeff Yew, the former head of Binance Australia and a motorsport enthusiast, is considering establishing his own technology campus at Forest City, a $100 billion development that has struggled to find its footing. This initiative aligns with Malaysia's broader efforts to enhance its technology sector by expanding into areas such as AI, blockchain, and digital innovation.
Analysis
Jeff Yew: Jeff Yew is a Malaysian crypto investor and motorsport enthusiast with a background in leading crypto exchange operations in Australia. He is currently associated with Monochrome Asset Management, an Australian firm focused on digital asset products. In the news, Yew is exploring plans to establish a new technology campus at Forest City in Malaysia, emphasizing a 'Malaysia first' approach to attract entrepreneurs in areas like AI and blockchain. Binance Australia: Binance Australia was the Australian operations arm of the global cryptocurrency exchange Binance, serving as a key player in the local crypto market during its active period. Jeff Yew previously headed the entity before transitioning to other ventures. The connection highlights Yew's established experience in the crypto sector, which informs his current interest in Malaysian tech initiatives. Monochrome Asset Management: Monochrome Asset Management is an Australian firm specializing in regulated digital asset investment products and bridging traditional finance with crypto markets. Jeff Yew is linked to the firm as its leader. The entity is referenced in connection with recent coverage of Yew's proposed tech campus project in Malaysia. Malaysia Tech Hub Efforts: Malaysia is actively pursuing strategies to develop its technology sector, including ambitions to expand beyond data centers into areas like AI, blockchain, and broader digital innovation. Forest City Revitalization: The Forest City development in southern Malaysia continues to seek new purposes after facing challenges, with recent interest from crypto entrepreneurs aiming to repurpose vacant spaces for tech-focused activities.
Categories
crypto
Related sources
- https://www.monochrome.au/products
- https://x.com/i/status/2087371610730729658
- https://www.monochrome.au/news
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- https://x.com/MonochromeAsset
- https://x.com/jeffyew_?lang=en
- https://www.japantimes.co.jp/news/2026/07/30/asia-pacific/crime-legal/malaysia-online-scam-raids-johor/
- https://au.linkedin.com/company/monochrome-asset
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- https://www.instagram.com/p/Db6-XO4jNaU/
- https://www.straitstimes.com/business/companies-markets/crypto-boss-eyes-second-act-for-malaysias-forest-city-after-closure-of-network-school
- https://x.com/i/status/2087348722812469344
- https://www.freemalaysiatoday.com/category/nation/2026/08/12/crypto-boss-eyes-2nd-act-after-collapse-of-network-school
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- https://finance.yahoo.com/news/australian-asset-manager-monochrome-applies-081047214.html
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- https://www.smh.com.au/business/companies/former-head-of-world-s-largest-crypto-exchange-calls-for-more-regulation-20210524-p57uli.html
- https://podcasts.apple.com/au/podcast/jeff-yew-ex-ceo-of-binance-australia-founder/id1480147321?i=1000579238545
- https://www.facebook.com/61578161211554/posts/malaysia-just-shut-down-a-crypto-billionaires-attempt-to-build-a-private-nation-/122191055606938707/
- https://www.scmp.com/week-asia/lifestyle-culture/article/3362791/scam-raids-malaysias-forest-city-prompt-governance-questions
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- https://www.afr.com/companies/financial-services/inside-the-long-slid-of-binance-and-its-lucrative-australian-business-20231122-p5elua
- https://www.bloomberg.com/news/features/2026-08-12/crypto-boss-eyes-malaysia-s-tech-commune-after-abrupt-closure