Malaysian Central Bank explores asset tokenization while monitoring crypto risks
Malaysia’s Central Bank said Monday that it will explore asset tokenization while monitoring crypto risks.
Bank Negara Malaysia (BNM) said in its annual report that the digital asset landscape is set to evolve further in 2025.
“While BNM has no intention to recognize crypto assets as legal tender now, BNM will continue to monitor developments in this space,
“This is to ensure that monetary and financial stability risks are contained and the integrity in the financial system is preserved,” it said.
At the same time, BNM said it aims to support responsible innovation through asset tokenization in the financial sector.
According to the bank, this will be alongside exploration work of domestic and cross-border central…
