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Bank Negara Malaysia onboards three ringgit stablecoin and tokenised deposit initiatives to its Digital Asset Innovation Hub

Bank Negara Malaysia said on 11 February 2026 that its Digital Asset Innovation Hub (DAIH) has onboarded three initiatives to test ringgit stablecoins and tokenised deposits in 2026, focused on domestic and cross-border wholesale payments including settlement of tokenised assets, in a controlled environment.

Illustration: cryptobanking.news editorial art (AI-generated, abstract). Not a depiction of any institution or product.Primary source: Bank Negara Malaysia (bnm.gov.my)
cryptobanking.news Editorial · AI-assisted, source-verifiedT1RegulatorAPAC

Key takeawaysFact

  1. 1Bank Negara Malaysia said on 11 February 2026 that its Digital Asset Innovation Hub (DAIH) has onboarded three initiatives to test ringgit stablecoins and tokenised deposits in 2026, focused on domestic and cross-border wholesale payments including settlement of tokenised assets, in a controlled environment.
  2. 2BNM intends to provide greater clarity on the use of ringgit stablecoins and tokenised deposits by end-2026.
  3. 3BNM's DAIH page lists the initiatives as Standard Chartered Bank Malaysia with Capital A (ringgit stablecoins for B2B settlement), Maybank (tokenised deposits for payments) and CIMB (tokenised deposits for settlement of tokenised securities).
  • Stablecoins
  • Tokenized deposits
  • Regulation

Executive summaryFact

Bank Negara Malaysia said on 11 February 2026 that its Digital Asset Innovation Hub (DAIH) has onboarded three initiatives to test ringgit stablecoins and tokenised deposits in 2026, focused on domestic and cross-border wholesale payments including settlement of tokenised assets, in a controlled environment. BNM intends to provide greater clarity on the use of ringgit stablecoins and tokenised deposits by end-2026. BNM's DAIH page lists the initiatives as Standard Chartered Bank Malaysia with Capital A (ringgit stablecoins for B2B settlement), Maybank (tokenised deposits for payments) and CIMB (tokenised deposits for settlement of tokenised securities).

Primary source: Bank Negara Malaysia ↗

Bank Negara Malaysia (BNM) wishes to announce that the Digital Asset Innovation Hub (DAIH) has onboarded three initiatives to test real-world applications involving ringgit stablecoins and tokenised deposits in 2026.

— Bank Negara Malaysia, verbatimString-matched against the live page 2026-10-23

Key factsFact

Event
Sandbox / innovation hub onboarding
Jurisdiction
APAC
Source
Bank Negara Malaysia
Source tier
Tier 1 · Regulator / central bank
Product
Tokenized deposits, Stablecoin issuance

Who is affectedFact

Standard Chartered Bank Malaysia and Capital A, Maybank and CIMB (per BNM's DAIH list), their corporate clients and other regulators involved in testing.

Key datesFact

  • BNM announces three DAIH initiatives

On the regulatory timeline

More from the sourceFact

“Notably, BNM intends to provide greater clarity on the use of ringgit stablecoins and tokenised deposits by end-2026.”

BNM press release

“The three initiatives will focus on wholesale payment use cases across both domestic and cross-border transactions, including to enable the settlement of tokenised assets.”

BNM press release
Verbatim from Bank Negara Malaysia✓ string-matched against the live page 2026-10-23

Why it matters for banksAnalysis

Malaysian banks now have a central-bank test track for ringgit stablecoins and tokenised deposits, and BNM has signalled policy clarity on both by end-2026, which sets the timetable for any production plans.

Editorial analysis based on the facts above and the sources below; not legal or investment advice.

What remains uncertain

  • BNM gives no calendar date for its policy clarity beyond 'by end-2026'.
  • The release does not say whether any initiative will move to production.

Sources and evidence

Evidence types: how we classify sources.

Evidence

Confidence
High Primary source (regulator / official record); quote string-matched against the live page.
Quote verified
2026-10-23 21:22 UTC
Archived snapshot
Not archived yet
Source type
Primary Bank Negara Malaysia ↗
Change log (2)
  1. 2026-10-24 Verify run (deploy): verifiedAt refresh, verify snapshots (c2a86c2)
  2. 2026-10-24 Jurisdictions: 5 verified Tier 1/2 items (CH Federal Council stablecoin/crypto licence consultation, BNM DAIH ringgit stablecoins + tokenised deposits, FSCA CAS (52685db)

Full evidence record · How we label confidence

AIAI-assisted: summary and analysis were drafted with AI from the primary source and are the editor’s responsibility. AI-drafted from the primary source; quote string-matched by scripts/verify.mjs. Methodology · Corrections · Report an error

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