BNM selects firms for tokenisation and stablecoin pilots
Malaysian institutions to test wholesale payments and tokenised asset settlement
Bank Negara Malaysia (BNM) has enlisted four financial institutions to carry out pilot schemes for tokenised deposits and a ringgit-based stablecoin.
The central bank announced today (February 11) that it had selected local institutions Standard Chartered Bank Malaysia and Capital A to jointly conduct trials for a ringgit-based stablecoin that would be used for business-to-business settlements. Maybank and CIMB Group are to conduct two separate tokenised deposit trials, both of which will focus
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