CIMB tests tokenised sukuk under Malaysia’s digital asset hub

It will evaluate bank-grade tokenisation across issuance, payment, and settlement.

CIMB is participating in the Malaysian central bank’s Digital Asset Innovation Hub (DAIH), enabling it to test regulated digital asset payment and settlement use cases.

The bank will explore the tokenisation of its own sukuk issuance and the use of tokenised deposit representations to support end-to-end payment and settlement workflows, according to a press release in February 2026.

CIMB will evaluate bank-grade tokenisation across issuance, payment, and settlement processes, it added.

CIMB expects to generate practical insights into operating models, risk management practices, and standards for regulated digital asset adoption.

“Participation in BNM’s Digital Asset Innovation Hub allows us to examine how tokenisation can support the next phase of payment and settlement infrastructure in a safe and regulated manner,” said Novan Amirudin, group CEO of the CIMB Group.

The DAIH is expected to provide a structured platform for financial institutions to evaluate digital asset applications under defined safeguards covering governance, risk management, and regulatory compliance, it said.

CIMB said that it views tokenisation as “an enabling layer for the future of payment and settlement infrastructure, allowing different forms of regulated digital value to interact securely and efficiently.”