Malaysia’s central bank sets three-year roadmap to pilot asset tokenization

Bank Negara Malaysia (BNM), the country's central bank, has unveiled a three-year roadmap to explore and test asset tokenization across the financial sector through proof-of-concept projects via its Digital Asset Innovation Hub (DAIH). A key component is the formation of an Asset Tokenization Industry Working Group (IWG), co-led by BNM and the Securities Commission (SC), to coordinate efforts and address regulatory challenges.

The tokenization efforts will concentrate on real-world assets, not cryptocurrencies, targeting use cases such as supply chain financing for SMEs, Shariah-compliant Islamic products, green finance, and 24/7 cross-border payments. BNM also intends to study MYR-denominated tokenized deposits and stablecoins, alongside exploring wholesale central bank digital currency (CBDC) integration, all while aiming to maintain the "singleness of money."

This initiative positions Malaysia alongside other Asian regulators like Singapore and Hong Kong in modernizing financial infrastructure. Industry feedback on the discussion paper is open until March 1, 2026.

(Source：Cointelegraph)