Malaysia's Central Bank to Launch Stablecoin and Tokenized Deposit Initiatives:💥💥🔥🔥💥💥
Malaysia's Central Bank, Bank Negara Malaysia (BNM), is planning to introduce three initiatives around stablecoins and tokenized deposits for wholesale payment scenarios in 2026. The projects are aimed at supporting innovation as well as evaluating the impact on monetary and financial stability.
Key Initiatives
Standard Chartered Bank Malaysia and Capital A are leading the Stablecoin Settlement Initiative, which is centered around B2B Ringgit stablecoin settlement.Maybank and CIMB are separately leading four projects that look into using tokenized deposits for payments.Goals and Implications
By means of these projects, BNM intends to evaluate the impact on monetary and financial stability and to give guidance for policymaking.The projects may possibly be linked with the central bank's ongoing initiatives for wholesale central bank digital currencies (CBDCs).Regional Trend
Malaysia's measures reflect a larger pattern in Asia where key economies like Hong Kong, Singapore, and Japan are aggressively pursuing stablecoin and tokenized deposit initiatives.
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