Maybank and CIMB played key roles in the first tokenised sukuk issuance in Malaysia, a RM100 million pilot by Khazanah Nasional Berhad in collaboration with the Securities Commission Malaysia (SC).
The one-year issuance forms part of Khazanah’s Sukuk Danum Programme, an Islamic medium-term notes programme of up to RM20 billion based on the Shariah principle of Wakalah bi al-Istithmar.
Maybank acted as Joint Lead Manager, Custodian and Primary Subscriber for the tokenised sukuk, while CIMB served as Sole Principal Adviser, Sole Lead Arranger and Sole Facility Agent.
CIMB also supported the end-to-end issuance process, including the operational, technical and governance workflows needed for the tokenised structure.
Dato’ Sri Khairussaleh Ramli, President and Group CEO of Maybank said,
“This initiative aligns with Maybank’s ROAR30 ambition of powering the real economy as it sets a new benchmark for capital raising. Issuers are offered alternative funding avenues and investors gain broader access through fractionalisation and frictionless transactions.
We are committed to working closely with regulators and our clients in Malaysia and across ASEAN to adopt tokenisation solutions, subject to regulatory readiness, while playing our role to safeguard market integrity and promote liquidity.”
The tokenised sukuk in Malaysia follows Maybank’s earlier pilot with Yinson Holdings on 25 March 2026, carried out under BNM’s Digital Asset Innovation Hub.
The pilot involved on-chain foreign exchange conversion from Malaysian Ringgit to Singapore Dollars and near real-time cross-border payment through Maybank’s permissioned blockchain.
Chu Kok Wei, CEO of Group Wholesale Banking at CIMB, said,
“We are focused on supporting this milestone by working closely with regulators and partners to ensure that emerging structures are operationally sound, scalable and aligned with market expectations.
This is consistent with our Forward30 strategy, where we aim to deliver solutions that are simpler, better and faster for our clients.”
The pilot comes as Malaysia’s regulators and financial institutions explore tokenisation as part of broader capital market digitalisation, including the SC’s Capital Market Masterplan 2026-2030.
Featured image: Edited by Fintech News Malaysia, based on image by digitizesc via Magnific
