KUALA LUMPUR: Malayan Banking Bhd
(Maybank) is playing a leading role as joint lead manager, custodian and primary subscriber of Malaysia’s inaugural tokenised sukuk issuance by sovereign wealth fund Khazanah Nasional Bhd in collaboration with the Securities Commission (SC).
With a nominal value of RM100mil, the tokenised issuance forms part of Khazanah’s Sukuk Danum Programme, an Islamic Medium-Term Notes programme of up to RM20bil, based on the Shariah principle of Wakalah bi al-Istithmar.
This follows Maybank’s successful completion of its maiden pilot project with Yinson Holdings Bhd on March 25, 2026, to execute on-chain foreign exchange conversion of ringgit to Singapore dollars and deliver near real-time cross-border payment via its permissioned blockchain.
"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," said Datuk Sri Khairussaleh Ramli, president and group CEO of Maybank, in a statement.
