Bank of Malaysia advances stablecoin plan: three Ringgit stablecoins and tokenized deposit projects locked in until 2026

GateNews

2026-02-11 09:58:39

February 11 News, Bank Negara Malaysia (BNM) announced plans to launch three pilot projects by 2026 focused on local currency stablecoins and tokenized deposits, primarily serving domestic and cross-border wholesale payment scenarios. The initiatives are coordinated by the Malaysia Digital Asset Innovation Hub (DAIH), which serves as Malaysia’s regulatory sandbox for testing crypto and blockchain financial applications.

BNM revealed in the announcement that these three projects will be led by multiple local and international banks. One project, led by Standard Chartered Malaysia and Capital A, will focus on Ringgit stablecoin settlement for B2B scenarios. The other two, led by Maybank and CIMB, will concentrate on tokenized deposit solutions for payment purposes. These tests aim to evaluate the potential impact of stablecoins and on-chain deposits on the monetary system, liquidity management, and financial stability.

BNM stated that based on the pilot results, the regulator plans to clarify the rules for Ringgit stablecoins and tokenized deposits by the end of 2026. The findings will be integrated with the central bank’s existing wholesale CBDC research to improve cross-institutional and cross-border settlement efficiency.

This move also reflects the rapid advancement of stablecoins and on-chain financial infrastructure in Asia. Hong Kong has established a stablecoin licensing regime and is testing tokenized deposits through the Ensemble project; Singapore is exploring institutional-level on-chain payments under the Guardian project; Japan plans to launch its first yen-pegged stablecoin, JPYC, by the end of 2025, with MUFG, SMBC, and Mizuho initiating enterprise payment pilots.

As multiple central banks accelerate their deployment, stablecoins and tokenized deposits are moving from concept validation to real-world applications. Malaysia’s initiative is seen as an important step in regional digital currency infrastructure upgrades, opening new possibilities for cross-border settlement and institutional blockchain applications.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Akave, advancing into the enterprise storage market... Launching S3-compatible cloud services

Project Progress

Akave today launched S3-compatible object storage service, focusing on solving data migration and transparent pricing issues, and secured $6.65 million in seed funding. Its platform leverages blockchain to ensure data security, targeting European companies and institutions that require strict data protection. The funding will be used to expand sales and marketing.

TechubNews21m ago

Ripple Expands XRPL Ecosystem Strategy With New Funding and Accelerator Programs for 2026

Project Progress Partnerships & Ecosystem

Ripple has injected $550 million into XRPL ecosystem since 2017, and this year, it will expand its focus to a more distributed model for founders. This includes launching a fintech builder program, the new XAO DAO for the XRPL network, and increased support for XRPL Commons. This year, Rippl

CryptoNewsFlash28m ago

Opinion (OPN) Releases 2026 Project Roadmap

Project Progress Token Events

The 2026 roadmap for the Opinion (OPN) project shows that the OPN token will go live in Q1, decentralized governance will be enabled in Q2, governance mechanisms will be improved and infrastructure upgraded in Q3, and large-scale adoption will be promoted in Q4, aiming to expand the user base.

GateNews32m ago

Pi Network Rolls Out Phase 2 Protocol Upgrades With Mandatory Node Deadline

pi network news Daily Crypto News Market Analysis Project Progress

Pi Network set March 1 as the mandatory deadline for Step 2 upgrades, and Mainnet nodes that miss it risk losing network connectivity. The update advances Pi’s protocol path toward newer Stellar consensus versions, with the Core Team targeting version 23 by June 2026. Pi Network has

CryptoNewsFlash33m ago

Solana Mobile Launches Modular Integration Solution Solana Mobile Stack for Android Hardware Manufacturers

solana news Project Progress Partnerships & Ecosystem

Solana Mobile has launched the Solana Mobile Stack for Android hardware manufacturers to enable hardware differentiation. This solution supports secure storage of digital assets, fast transfers, and integration with multiple payment platforms, offering a revenue-sharing transaction model.

GateNews42m ago

Vitalik Buterin Unveils 4-Year Roadmap for Faster, Quantum-Resistant Ethereum

ethereum news Project Progress Industry Reports

Vitalik Buterin has proposed a four-year plan under which Ethereum will achieve quantum resistance via new hash-based signatures and quantum-resistant cryptography. Buterin has sold nearly 17,200 ETH, surpassing his stated target of 16,384 ETH which he said he’d sell to support ecosystem

CryptoNewsFlash51m ago

Comment

0/400

No comments