EddieJayonCrypto

 4 Apr 25

tl;dr

Malaysia's central bank, Bank Negara Malaysia (BNM), is exploring blockchain and tokenization for on-chain settlement, focusing on tokenized bank deposits as an initial application. BNM aims to capitalize on the benefits of tokenization while managing related risks and is working with the private se...

MALAYSIA EXPLORES TOKENIZATION FOR ON-CHAIN SETTLEMENT


Malaysia’s central bank, Bank Negara Malaysia (BNM), is exploring blockchain and tokenization for on-chain settlement, focusing on tokenized bank deposits as an initial application. BNM aims to capitalize on the benefits of tokenization while managing related risks and is working with the private sector to evaluate the integration of tokenization into the local financial system. Additionally, BNM is exploring blockchain beyond tokenization and is cautiously moving forward to ensure appropriate guidelines and safeguards are in place.


PwC Italy is developing a digital identity product for the European Union using blockchain technology, which will allow EU residents to access digital platforms while securing their identities on-chain.

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