Malaysia Unveils Asset Tokenization Roadmap: A 3-Year Plan to Revolutionize Finance

The Bank Negara Malaysia (BNM) has released a detailed three-year roadmap for pilot programs focused on asset tokenization in the country. The initiative, aiming to address financial gaps within specific sectors and promote innovation, focuses on small and medium enterprises (SMEs), Islamic finance, and sustainable financing tools. Local banks, fintech companies, and blockchain experts will collaborate under a Digital Payment Announcement framework, requiring projects to demonstrate tangible real-world benefits and the unique value of blockchain technology.