Malaysia’s Central Bank Launches Three-Year Initiative to Tokenize Real-World Assets
Bank Negara Malaysia (BNM), the country’s central bank, has embarked on an ambitious three-year initiative focused on the tokenization of Real-World Assets (RWA). This program prioritizes the development and implementation of feasible, real-world Distributed Ledger Technology (DLT) innovations by 2027, aiming to drive responsible financial innovation across Malaysia’s economy.
While the Securities Commission (SC) of Malaysia concentrates on tokenized capital market products—such as exploring the issuance of tokenized sukuk or bonds—BNM’s focus is distinctly on RWA tokenization. This encompasses critical sectors including supply chain finance and Islamic finance assets, reflecting the central bank’s commitment to fostering innovation in areas that significantly impact the country’s financial landscape.
A key objective of this initiative is to enhance market efficiency and transparency. By leveraging blockchain and tokenization technologies, BNM aims to increase overall market transparency, positioning Malaysia as a clear regional leader in regulated asset tokenization within the Asia-Pacific region.
The three-year roadmap underscores a strong national commitment to embracing technological advancements responsibly. BNM expresses confidence that the initiative will deliver tangible benefits to the Malaysian market and economy. The central bank remains dedicated to ensuring that these technological innovations support broader economic growth and stability.
With this strategic push, Malaysia is poised to play a pioneering role in advancing regulated asset tokenization, setting a benchmark for other countries in the region to follow.
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