What happened
- Specific facts/numbers: CIMB Islamic Bank said the pilot settled RM1.38 billion (about US$342 million) of tokenized sukuk subscribed by 12 institutional investors, within a total RM1.68 billion issuance under its existing RM10 billion Senior Sukuk Wakalah Programme.
- Institutions involved: CIMB Group and CIMB Islamic Bank Berhad are the central institutions; the pilot also involved institutional investors and was conducted within Malaysia’s digital-asset policy framework.
- Regulatory/technical context: The settlement test used tokenized deposits to settle tokenized sukuk in a controlled environment, and reporting says it formed part of participation in Bank Negara Malaysia’s Digital Asset Innovation Hub while CIMB has also engaged with the Securities Commission Malaysia on tokenized capital-market products.
- What to watch next: Watch for whether CIMB moves from pilot to repeat issuance and broader production use of tokenized deposits for capital-markets settlement; no specific next milestone was identified in the read text.
Why it matters
This shows how regulated bank-issued tokenized money could be paired with tokenized securities to reduce manual reconciliation and make wholesale capital-markets settlement more programmable.
HKMA Relevance
Indirect: Malaysia’s use of tokenized deposits for securities settlement is relevant to Hong Kong’s broader regulated tokenization and wholesale CBDC/deposit-token discussions, but no direct HKMA role was identified in the read text.
Story details
Sources
- Secondary source: https://theedgemalaysia.com/node/815931