Bond Tokenisation in the Malaysian Capital Market
Bond tokenisation refers to the digital representation of bonds and sukuk using distributed ledger technology (DLT), enabling securities and related lifecycle processes to be recorded, transferred, and managed in a secure and auditable digital environment. Within the Malaysian capital market, bond tokenisation is viewed as part of the broader digitalisation of market infrastructure, supporting efficiency, transparency, and resilience while operating within established regulatory parameters.
Malaysia’s capital market is underpinned by a strong legal and regulatory framework, robust market institutions, and internationally recognised leadership in both conventional bonds and Islamic capital market instruments. In line with the Capital Market Masterplan’s emphasis on innovation with purpose, bond tokenisation has the potential to enhance issuance and post-trade processes through improved data integrity, automation, and operational efficiencies, without altering the fundamental rights and obligations of issuers and investors.
From a regulatory perspective, tokenised bonds remain capital market products and are therefore subject to applicable securities laws, guidelines, and oversight by the Securities Commission Malaysia. Any adoption of tokenisation technology must uphold the core principles of investor protection, market integrity, transparency, and financial stability.
As Malaysia’s national bond and sukuk information platform, BIX Malaysia supports the orderly development of the market by providing reliable data, disclosure, and analytics. As digital technologies continue to be explored across the capital market value chain, bond tokenisation represents an incremental and measured innovation—strengthening market infrastructure while reinforcing confidence, trust, and governance in Malaysia’s capital market.
Apr 29, 2026
Khazanah Nasional Bhd has issued Malaysia’s first tokenised sukuk worth RM100mil in collaboration with the Securities Commission Malaysia (SC), marking a pilot initiative to test the use of blockchain technology in the domestic capital market.
Apr 21, 2026
OVERHEARD in a business planning meeting: “What will happen to asset tokenisation with advances in artificial intelligence (AI)? Do we still need to prepare for it?”
Mar 16, 2026
The Securities Commission’s (SC) plan to liberalise the listing of digital tokens may widen the range of digital coins available on domestic platforms, but that alone will not be enough to transform the market, says Halogen Capital founder and chief executive officer Hann Liew.
Feb 23, 2026
The Securities Commission Malaysia (SC) says the digital asset liberalisation initiative aligns with a broader global shift where industry development has accelerated due to significant external tailwinds.
Feb 12, 2026
The Digital Asset Innovation Hub (DAIH) has onboarded three initiatives to test real-world applications involving ringgit stablecoins and tokenised deposits in 2026, according to Bank Negara Malaysia (BNM).
Feb 06, 2026
Bank Negara Malaysia (BNM) governor Datuk Seri Abdul Rasheed Ghaffour said the central bank has received approximately 30 to 35 applications related to stablecoin and digital asset innovations.
Jan 26, 2026
At least three Malaysian banks are exploring tokenisation, including Standard Chartered Bank Malaysia Bhd and CIMB Group Holdings Bhd (KL:CIMB).
Several incentives are provided to encourage the issuances of SRI sukuk in the market. These include the income tax deduction on the issuance costs of SRI sukuk which was first provided from the year of assessment (YA) 2016 to YA 2020, and has now been extended for three years from YA 2021 to YA 2023.
A Green SRI Sukuk Grant Scheme was also established to incentivise issuers by offsetting up to 90% of external review costs incurred in the issuance of green SRI sukuk. For more information on the application for the Green SRI Sukuk Grant Scheme, please refer to here
| 5 August 2025 |  | Ideate, Innovate, Co-create: Shaping the Future of Finance by Dato’ Sri Abdul Rasheed Ghaffour, Bank Negara Malaysia’s (BNM) Governor |
