Malaysia Launches Digital Asset Innovation Hub

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Malaysia Launches Digital Asset Innovation Hub for Stablecoins & Smart Payments

Written by Aaron S.,

Editor-In-Chief

Last Updated: June 17, 2025

Key Takeaways

Malaysia launches the Digital Asset Innovation Hub to let firms test fintech tools under central bank supervision;
Trials will cover programmable payments, ringgit-backed stablecoins, and supply chain finance;
The sandbox supports a wide range of projects, from crypto to cross-border payments and compliance tech.

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Malaysia Launches Digital Asset Innovation Hub for Stablecoins & Smart Payments

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Malaysia's Prime Minister Anwar Ibrahim has announced the Digital Asset Innovation Hub, a project that will serve as a testing ground for financial technology and digital asset initiatives.

According to a report by The Business Times on June 17, the goal is to allow companies to test their tools and products while the country’s central bank monitors the process.

The announcement came during the Sasana Symposium 2025 in Kuala Lumpur.

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Anwar explained that businesses will be able to test features such as programmable payments, ringgit-backed stablecoins, and supply chain financing solutions. These trials will take place in a safe and supervised environment.

Anwar said at the event:

Our ambition is clear—to align infrastructure, policy and talent across both the public and private sectors in pursuit of a digitally capable, future-ready Malaysia.

The head of the central bank, Abdul Rasheed Ghaffour, noted that Malaysia’s financial system must adapt to remain competitive.

Ghaffour listed several projects already in progress. These include updates to the country’s Rentas payment system, closer links with overseas payment networks, and work on asset tokenization.

Officials say the sandbox is not only for crypto-related projects. Other companies working on payment tech, automated compliance, or international transfers are also welcome.

On June 15, Michael Saylor, executive chairman of Strategy, offered to assist Pakistan as it develops its cryptocurrency strategy. How would he plan to do that? Read the full story.