Malaysia’s central bank is taking a proactive step towards digital asset innovation with the launch of a three-year initiative focused on asset tokenization. This program, according to PANews, includes the establishment of a dedicated digital asset innovation center and an industry working group to explore potential applications for this technology. These range from supply chain finance to Islamic financial products. The central bank’s plan involves phasing in implementation with proof-of-concept and pilot projects commencing in 2026, followed by broader trials in 2027. Industry stakeholders are invited to submit their application case opinions by March 1, 2026, specifying those that meet the program’s experimental criteria.