TechFlow, November 1 — According to Cointelegraph, the Central Bank of Malaysia (BNM) has released a three-year roadmap for asset tokenization, launching proof-of-concept projects and live pilots through the Digital Asset Innovation Hub (DAIH).
The central bank will establish an Industry Working Group (IWG) on asset tokenization, co-led with the Securities Commission (SC), focusing on foundational use cases with clear economic value. Key application areas include SME supply chain financing, Shariah-compliant financial products, green finance, and 24/7 cross-border payments.
BNM emphasized that tokenization will focus on real-world assets rather than cryptocurrencies. The central bank also plans to explore ringgit-denominated tokenized deposits and stablecoins, as well as integration with wholesale central bank digital currency (CBDC).
