KUALA LUMPUR, Dec 18 (Bernama) -- CIMB Group Holdings Berhad (“CIMB” or “the Group”) today announced its commitment to develop tokenised financial services spanning tokenised assets, tokenised settlement and next-generation payment rails, supporting Malaysia’s national agenda to broaden adoption of tokenisation across the financial ecosystem. The various initiatives will be rolled out in phases through Securities Commission Malaysia’s (“SC”) industry pilot programme on securities tokenisation. CIMB will also engage Bank Negara Malaysia (“BNM”) to seek admission into the Digital Asset Innovation Hub.
Novan Amirudin, Group Chief Executive Officer of CIMB Group said, “CIMB is pleased to play a leading role in advancing Malaysia’s evolution towards a modern, resilient financial market infrastructure. In line with our purpose of advancing customers and society and our Forward30 strategic plan, we are strengthening our digital and tokenisation capabilities to address real opportunities and democratise market access across the banking and financial ecosystem.”
As a key near-term milestone, CIMB has committed to Khazanah Nasional Berhad’s and SC’s tokenised sukuk issuance pilot project, supporting the programme across multiple workstreams covering structuring, execution through to custody arrangements and full lifecycle servicing. The pilot workstreams are expected to progress through 2026 with phased capability build-out aligned to regulatory and operational readiness.
CIMB in Malaysia has issued approximately RM40.0 billion of conventional bonds and Islamic Sukuk over the past three years alone. As the capabilities around digital assets mature, CIMB intends to convert pilot learnings by progressively issuing a part of future funding requirements in tokenised bond and sukuk formats.
The Group’s development of tokenised assets will focus on raising efficiency and connectivity across payments and capital markets, while advancing the use of digital asset-based instruments integral to a modernised digital financial market infrastructure. In tandem, CIMB is also building the capabilities to support tokenised deposits, regulated bank deposits represented in token form, as a settlement instrument for tokenised securities. This strengthens the operating foundations needed to scale tokenised issuances and deliver efficient, trusted settlement. By reducing manual processing and reconciliation across issuance and settlement, the programme improves transparency, operational efficiency, scalability and fractionality.
“Well-designed asset tokenisation offers several potential advantages to fundamentally transform the industry especially in terms of accessibility, efficiency and transparency particularly across payments and wholesale banking. We will begin with practical, use-case-driven applications, implemented within the regulatory frameworks and underpinned by strong governance and controls. Through close collaboration with partners such as Khazanah Nasional Berhad, we aim to scale innovation responsibly and deliver tangible value to the market,” added Novan.
CIMB is working closely with Bank Negara Malaysia and SC to ensure the programme aligns with prevailing prudential and regulatory expectations. Robust risk management, controls, and governance are embedded from the outset, anchored on a compliance-by-design approach. To this end, the Group will ensure that any product roll-out will be subject to applicable legal and regulatory requirements, internal governance approvals, and technology readiness.
Download linkhttps://wetransfer.com/downloads/82a051b7d9e58b8b6bbd95ac30146d1020251218034734/2faba29121e8406a6c25ac4e8295941620251218034751/3784cdAbout CIMB CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM79.0 billion as at 30 September 2025. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present across ASEAN in Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam and the Philippines.
Beyond ASEAN, the Group has market presence in China, Hong Kong and UK. CIMB has one of the most extensive retail branch networks in ASEAN with 571 branches and over 33,000 employees as at 30 September 2025. CIMB’s investment banking arm is one of the largest Asia Pacific-based investment banks, which together with its awardwinning treasury & markets and corporate banking units comprise the Group’s leading wholesale banking franchise. CIMB is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.
SOURCE: CIMB Group
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Anis Azharuddin / Kelvin Jude Muthu
Group Corporate Communications
CIMB Group Holdings Berhad
Email: tammy.toh@cimb.com / kelvinjude.muthu@cimb.com
--BERNAMA