Bank Negara Malaysia (BNM) is working with tokenisation experts and financial practitioners through an Asset Tokenisation Industry Working Group to explore the technology’s applications. Supported by the Finance Ministry’s Digital Asset Innovation Hub, the initiative will assess benefits, risks, and compliance issues, including anti-money laundering and counter-terrorism financing measures.
Malaysia Explores Tokenised Deposits and Ringgit-Backed Stablecoins
Interoperability challenges across the ecosystem are also under review. BNM is set to release a discussion paper in the second half of 2025 covering tokenised deposits, ringgit-backed stablecoins, and wholesale CBDCs. Meanwhile, the Securities Commission is advancing securities tokenisation and responsible crypto access to strengthen Malaysia’s digital financial ecosystem.
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