#Sukuk

9 articles tagged #Sukuk — curated RWA tokenization coverage.

#CIMB #Malaysia #Tokenization #IslamicFinance #PVARA #TokenizedBonds #TokenizedDeposits #ADIChain #AtomicSettlement #Base

Infrastructure

ADI Foundation,Tokinvest collaborate on $100 million tokenised Sukuk

The ADI Foundation and Tokinvest have entered a strategic partnership to advance real-world asset (RWA) tokenization, digital asset issuance, and blockchain-based settlement. This collaboration leverages ADI Foundation’s institutional blockchain infrastructure, known as ADI Chain, alongside Tokinvest’s expertise in regulated structuring and distribution. The primary objective of this initiative is the tokenization of a US$100 million Sukuk, utilizing existing Sukuk from UAE issuers to facilitate broader investor access. Beyond this initial project, the parties intend to explore the tokenization of private credit, investment funds, and other yield-generating assets. By integrating Tokinvest’s regulated platform with ADI’s RWA pipeline, the partnership aims to create a robust framework for bringing traditional financial products on-chain. This move highlights the growing trend of institutional players in the Middle East seeking to modernize capital markets through regulated digital investment products. The collaboration serves as a significant step in connecting real-world economic activity with blockchain-based financial infrastructure.

#RWA #Tokenization #Tokinvest

wam.ae·Oct 6, 20267.5

Infrastructure

Daman Virtual Pitches Dubai as Tokenisation Hub as Citi, HSBC Expand

Daman Virtual, the digital asset arm of Dubai-based Daman Securities, recently co-hosted the Digital Assets Leadership Forum to position the emirate as a global hub for tokenization. The event brought together regulators and market operators to discuss the practical application of tokenized sukuk, investment funds, and international equities. While no specific new products or partnerships were announced, the forum highlighted the strategic shift in Dubai from merely issuing licenses to fostering actual issuance and trading volume. Daman Virtual leverages its parent company's 27-year history in traditional finance to attract institutional clients, family offices, and corporate treasuries. The firm faces stiff competition from global banking giants like Citi and HSBC, which are developing their own closed-ledger systems for institutional asset management. Industry experts note that while the potential for tokenized assets is estimated at $600 trillion, current on-chain adoption remains below 0.01%. The discourse underscored that legal recognition and asset verification remain the primary hurdles for scaling the sector. Ultimately, the event signals Dubai's intent to integrate regulated brokers into the evolving digital capital markets landscape.

#Tokenization #InstitutionalFinance #VARA

coinedition.com·Oct 6, 20266.0

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

U.S. Treasuries

Pakistan, Hong Kong explore cooperation in tokenised capital markets, digital finance

The Pakistan Virtual Assets Regulatory Authority (PVARA), led by Chairman Bilal Bin Saqib, has initiated high-level discussions with Hong Kong financial authorities to explore cooperation in tokenized capital markets and digital finance. Meetings were held with the Hong Kong Monetary Authority (HKMA), the Financial Services and the Treasury Bureau, and Legislative Council member Duncan Chiu to study Hong Kong's regulatory framework for digital assets. The dialogue focused on leveraging Hong Kong's expertise in tokenized bonds, settlement infrastructure, and technology-enabled supervision to support Pakistan's development of government securities and sukuk. Both parties aim to move beyond policy dialogue toward practical cooperation, including technical exchanges and identifying specific use cases for real-world asset tokenization. This initiative is part of PVARA's broader strategy to build institutional relationships and attract credible companies to Pakistan's emerging virtual-asset ecosystem. By connecting Pakistani technology firms with Hong Kong investors, the collaboration seeks to translate regulatory foundations into tangible economic outcomes. This engagement highlights the growing global trend of emerging markets seeking to adopt established institutional frameworks to modernize their financial infrastructure through tokenization.

#HKMA #TokenizedBonds #DigitalFinance

profit.pakistantoday.com.pk·Sep 3, 20267.0

Active Strategies

Vanguard and Wellington test tokenised collateral, CIMB pilots sukuk settlement

Vanguard and Wellington Management successfully tested the use of tokenized money-market fund shares as collateral on the Canton Network, integrating them into Nasdaq’s existing Calypso collateral management system. This trial demonstrated that tokenized assets can function within traditional margin, eligibility, and post-trade workflows without requiring separate digital infrastructure. Simultaneously, CIMB utilized tokenized deposits to settle MYR 1.38 billion in tokenized sukuk, highlighting progress in atomic settlement capabilities. Coinbase expanded its offerings by launching tokenized versions of major U.S. stocks like Apple and Nvidia on the Base blockchain, operating under Abu Dhabi Global Market oversight for non-U.S. investors. These developments collectively signal a shift toward integrating tokenized assets into established financial systems rather than creating isolated silos. While these pilots prove technical feasibility, they also underscore the ongoing challenge of achieving industry-wide interoperability and demonstrating the economic scalability of tokenization. The industry remains focused on whether these tokenized instruments can eventually replace or augment traditional collateral and settlement processes at scale.

#Base #CantonNetwork #FranklinTempleton

theasianbanker.com·Sep 3, 20268.0

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

U.S. Treasuries

Pakistan looks to Hong Kong model for tokenized bonds, digital finance

Pakistan is actively exploring the tokenization of government securities and sukuk by leveraging insights from Hong Kong’s established digital bond market. Bilal Bin Saqib, chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), held high-level meetings with the Hong Kong Monetary Authority to discuss integrating blockchain technology into national financial infrastructure. This initiative follows Pakistan's recent establishment of a formal regulatory framework for virtual assets, aimed at bringing the country's previously informal crypto market into a transparent, institutionalized ecosystem. By studying Hong Kong’s successful experiments with tokenized government bonds, Islamabad seeks to modernize its settlement infrastructure and attract global investment. The collaboration focuses on developing practical applications for tokenized capital markets and regulatory technology to bridge Pakistani tech firms with international capital. This move signals a strategic shift toward digitizing sovereign debt to enhance market efficiency and liquidity. Ultimately, the effort underscores a growing trend among emerging economies to adopt distributed-ledger technology for mainstream financial instruments.

#TokenizedBonds #HongKong #Sukuk

arabnews.pk·Aug 27, 20267.5

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

Non-U.S. Govt. Debt

Tokenised sukuk: the missing layer in emerging sovereign debt?

Geopolitical instability in the Middle East and Southeast Asia has created an urgent need for efficient sovereign capital mobilization to fund energy diversification and infrastructure reconstruction. Tokenised sukuk, which are Sharia-compliant certificates representing asset ownership, offer a promising mechanism to address these financing gaps by lowering entry barriers and automating lifecycle processes via smart contracts. While traditional sukuk markets have proven resilient during recent volatility, tokenisation provides a path to enhance liquidity and settlement efficiency through blockchain integration. Early initiatives like INABLR’s 'Sukuk-as-a-Service' on the Tezos blockchain and Abu Dhabi Islamic Bank’s Smart Sukuk platform demonstrate the viability of these digital instruments. Malaysia’s sovereign fund, Khazanah Nasional Berhad, has already piloted tokenised sukuk, signaling a shift toward digital sovereign debt. However, widespread adoption depends on overcoming regulatory fragmentation and establishing common standards for cross-border interoperability. Ultimately, tokenised sukuk represent a critical evolution in Islamic finance, potentially serving as a foundational layer for the future of sovereign debt markets.

#Tokenization #SovereignDebt #Sukuk

omfif.org·Jul 4, 20267.5

#Sukuk

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