BNM Launches Three-Year Asset Tokenization Pilot
Bank Negara Malaysia (BNM) has launched a three-year asset tokenization pilot under its Digital Asset Innovation Hub. The asset tokenization initiative will begin proof-of-concept trials in 2026 and expand to broader pilots in 2027. An industry working group will gather feedback on use cases including supply chain finance, Islamic finance products and green tokenization. Market participants can submit real-world asset tokenization proposals by March 1, 2026, under defined eligibility criteria. This follows Malaysia’s Climate Sukuk green tokenization and approval of its first Shariah-compliant digital bank using stablecoins. The move underscores Malaysia’s commitment to digital asset innovation and positions the country at the forefront of blockchain infrastructure.
Bullish
In the short term, the three-year asset tokenization pilot may have limited immediate price impact, as it focuses on proof-of-concept development and regulatory frameworks. However, the initiative signals strong regulatory support for digital asset innovation and real-world asset tokenization, potentially paving the way for new tokenized products and trading venues. Over the long term, this could boost demand for blockchain infrastructure and tokenized assets, creating bullish momentum in crypto markets as investors seek exposure to asset-backed digital tokens and DeFi protocols integrating real-world assets.