#Malaysia

4 articles tagged #Malaysia — curated RWA tokenization coverage.

#CIMB #Sukuk #TokenizedDeposits #AtomicSettlement #InstitutionalFinance #IslamicFinance #Maybank #Settlement #Stablecoins #TokenisedDeposits

Infrastructure

Cover Story: Banks shift tokenisation into higher gear

Malaysian financial institutions are rapidly advancing tokenization initiatives following the launch of Bank Negara Malaysia’s Digital Asset Innovation Hub in June 2025. CIMB, Maybank, and Standard Chartered Malaysia are currently conducting live pilots to test tokenized deposits, stablecoins, and securities within a controlled regulatory environment. CIMB recently achieved a significant milestone by settling a RM1.68 billion sukuk issuance using tokenized deposits on its proprietary CIMB Blockchain Connect platform. This shift from small-scale pilots to market-sized transactions signals growing institutional confidence in blockchain-based settlement infrastructure. Meanwhile, Maybank has successfully piloted tokenized supply chain financing and cross-border payments involving ringgit-to-Singapore-dollar FX conversions. These developments align with broader global trends where major institutions like the DTCC, NYSE, and Citigroup are integrating distributed ledger technology to enhance treasury efficiency and liquidity. The rapid adoption in Malaysia is supported by strong local demand, with 50% of treasury professionals expressing high likelihood to utilize digital currencies in the near future.

#TokenizedDeposits #Sukuk #CIMB

klsescreener.com·Oct 5, 20268.0

Stablecoins

Luno, Halogen and Kenanga explore ringgit stablecoin for tokenized fund settlement

Luno Malaysia, Halogen Capital, and Kenanga Investors have announced a collaborative initiative to explore the use of a ringgit-pegged stablecoin, UMYR, for the settlement of tokenized money-market funds. This project utilizes a closed-loop, B2B framework restricted to whitelisted institutional participants, explicitly excluding retail involvement. The UMYR token is designed to be fully reserved one-for-one with Malaysian ringgit held in segregated accounts at regulated banking partners. Luno will manage the minting, burning, and reserve reconciliation processes, while Halogen Capital and Kenanga Investors will utilize the token for fund subscriptions and redemptions. By moving the cash leg of transactions on-chain, the partners aim to achieve real-time Delivery-versus-Payment settlement, bypassing the delays inherent in traditional banking cut-off times and reconciliation windows. All participating entities operate under the oversight of Malaysia’s Securities Commission, ensuring the experiment adheres to existing Capital Markets Services Licences and regulatory standards. This initiative represents a significant step in integrating digital asset infrastructure with conventional institutional fund management in the Malaysian market.

#Stablecoins #InstitutionalFinance #TokenizedFunds

technode.global·Sep 24, 20267.5

Infrastructure

CIMB completes Malaysia's first pilot settling tokenised sukuk with tokenised deposits

CIMB Group Holdings Bhd has successfully completed a pilot project testing the atomic settlement of tokenised sukuk using tokenised deposits on its proprietary CIMB Blockchain Connect network. Unlike previous Malaysian pilots that relied on traditional fiat rails for cash settlement, this initiative achieved full on-chain settlement for both the financial asset and the commercial bank money. The project involved a RM1.68 billion issuance under an existing RM10 billion senior sukuk wakalah programme, demonstrating the feasibility of instantaneous cross-border transactions. Conducted within Bank Negara Malaysia’s Digital Asset Innovation Hub, the pilot utilized a digital twin approach where on-chain tokens mirror traditional legal records. This milestone is significant for the RWA market as it proves that institutional-grade financial assets can be settled efficiently without relying on legacy banking infrastructure. By reducing settlement friction and improving liquidity management, the project paves the way for the future democratisation of investment assets for retail participants. The successful collaboration with major fund managers and government agencies highlights a growing institutional appetite for blockchain-based capital market infrastructure in Malaysia.

#AtomicSettlement #Sukuk #TokenisedDeposits

theedgemalaysia.com·Sep 2, 20268.0

Non-U.S. Govt. Debt

CIMB settles $342m tokenized sukuk using tokenized deposits in Malaysian first

CIMB Islamic Bank has successfully completed a pilot program involving the settlement of 342 million Malaysian Ringgit in tokenized sukuk using tokenized deposits. This transaction marks a significant milestone in Malaysia's digital asset landscape by integrating tokenized securities with tokenized cash on a distributed ledger. By pairing these two components, the bank aims to enhance operational efficiency, automate complex settlement processes, and significantly reduce the time required for transaction finality. This development represents a critical step toward the broader adoption of blockchain technology within the Islamic finance sector. The successful execution demonstrates the feasibility of end-to-end digital asset workflows, moving beyond simple issuance to full-cycle settlement. Such advancements are essential for the RWA market as they prove that tokenized money can effectively replace traditional fiat settlement layers. Ultimately, this pilot provides a scalable blueprint for future digital sukuk issuances and broader institutional adoption of DLT in the region.

#TokenizedDeposits #Sukuk #IslamicFinance

ledgerinsights.com·Aug 27, 20267.5

#Malaysia

Cover Story: Banks shift tokenisation into higher gear

Luno, Halogen and Kenanga explore ringgit stablecoin for tokenized fund settlement

CIMB completes Malaysia's first pilot settling tokenised sukuk with tokenised deposits

CIMB settles $342m tokenized sukuk using tokenized deposits in Malaysian first

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