Overview
- Standard Chartered Bank Malaysia and Capital A will pilot a ringgit-denominated stablecoin for business-to-business settlement.
- Maybank and CIMB will run separate tokenized deposit trials focused on wholesale payments and potential cross-border use.
- The initiatives operate within the Digital Asset Innovation Hub under a controlled sandbox with selected institutional participants.
- Testing will evaluate payment speed, liquidity behavior, and the potential impacts on monetary policy and financial stability.
- Findings are intended to inform clearer guidance by the end of 2026 and support ongoing wholesale CBDC research and Malaysia’s 2027 digital finance plans.