Maybank Tests Tokenised Ringgit Deposits for Cross-Border Payments
Maybank Tests Tokenised Ringgit Deposits for Cross-Border Payments
Maybank has begun testing ringgit tokenised deposits for cross-border payments on a blockchain platform under Bank Negara Malaysia’s innovation hub, with participation from Yinson Holdings Berhad. The pilot will assess near real-time on-chain transactions and aims to improve treasury efficiency and settlement speed. CEO Khairussaleh Ramli said the initiative is part of the bank’s broader digital asset strategy, including tokenised Islamic finance instruments and programmable payments to support SMEs.
CIMB to Trial Tokenised Sukuk and Deposits Under Bank Negara Malaysia
CIMB Group has received approval from Bank Negara Malaysia to test tokenisation of sukuk and deposits under its Digital Asset Innovation Hub. The bank will explore how regulated tokenised structures can support issuance, transfer and settlement processes within a supervised framework. Group CEO Novan Amirudin said the trials will help build secure capabilities and operational readiness for integrating digital assets into Malaysia’s financial system.
Trump Media Files for New Bitcoin and Ethereum ETFs
Trump Media & Technology Group, majority owned by Donald Trump, has filed for two new crypto ETFs through Truth Social Funds — the “Truth Social Bitcoin and Ether ETF” and the “Truth Social Cronos Yield Maximizer ETF.” The funds will track Bitcoin and Ethereum, and offer exposure to CRO, the native token of Cronos. The move expands Trump Media’s crypto push despite growing competition from firms like BlackRock, Fidelity and Grayscale, and has drawn political scrutiny over the Trump family’s expanding digital asset ventures.
KDX (formerly Tokenize Malaysia) is a Digital Asset Exchange (DAX) registered with Securities Commission Malaysia (SC). Buy, sell, and manage cryptocurrencies easily with Ringgit Malaysia (MYR) on the only bank-backed regulated crypto exchange invested by Kenanga.