Malaysia’s Central Bank launches RWA tokenization program

Bank Negara Malaysia has started a three-year real-world asset tokenization initiative, establishing the Digital Asset Innovation Hub and an industry working group.

The roadmap covers pilots and proof-of-concept for use cases ranging from supply chain finance to Islamic finance, with large-scale trials planned for 2027. Only projects with proven economic and technical value will go forward; blockchain will be used strictly where it brings true efficiency.

The Innovation Hub will drive collaboration between banks, fintechs, and blockchain developers, aiming for a balance of innovation and regulation, with a focus on Islamic digital finance.