Malaysia announces 3-year roadmap for asset tokenization trial – a major step in national financial digital transformation.
Bank Negara Malaysia (BNM) has just officially announced a 3-year roadmap on Asset Tokenization - one of the key strategies to promote innovation and modernize the country's financial infrastructure.
According to the latest announcement, this program will be implemented through the Digital Asset Innovation Hub (DAIH), which was established earlier this year. During the period 2025–2028, BNM will conduct a series of Proof-of-Concept (POC) and live pilot projects to evaluate the effectiveness of applying crypto technology in key financial sectors.
One of the highlights of the plan is the establishment of the Asset Tokenization Industry Working Group (IWG). This group will play a central Vai in connecting financial institutions, businesses and regulators to Chia knowledge, promote collaboration, and identify legal and regulatory challenges early. The IWG is co-chaired by BNM and the Securities Commission (SC).
BNM emphasized that this direction does not focus on cryptocurrency, but on the encryption of real-world assets – including goods, real estate, and financial assets with real value. The goal is to help the financial system become more transparent, flexible and efficient.
Tokenizing Assets: From Islamic Finance to Cross-Border Payments
Some of the prominent applications selected for testing by BNM include:
BNM also plans to further explore tokenized deposits and stablecoins denominated in the Ringgit (MYR), ensuring “currency uniformity” while improving the efficiency of digital payments. Meanwhile, a wholesale central bank digital currency (CBDC) will also be integrated to test interoperability between the traditional and digital banking systems.
