Maybank, CIMB Play Key Role In Malaysia's First Tokenised Sukuk Worth RM100 Mln 

KUALA LUMPUR, April 29 (Bernama) -- Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd have played key roles in Malaysia’s first tokenised sukuk worth RM100 million by Khazanah Nasional Bhd in collaboration with the Securities Commission Malaysia (SC). 

Maybank acted as joint lead manager, custodian and primary subscriber for the tokenised sukuk pilot, while CIMB acted as sole principal adviser, sole lead arranger and sole facility agent. 

In a statement today, Maybank president and group chief executive officer Datuk Seri Khairussaleh Ramli said the 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," he said. 

With a nominal value of RM100 million, the tokenised issuance forms part of Khazanah’s Sukuk Danum Programme, an Islamic medium-term notes programme of up to RM20 billion, based on the shariah principle of wakalah bi al-istithmar.

In a separate statement, CIMB group wholesale banking chief executive officer Chu Kok Wei said Khazanah’s inaugural tokenised sukuk represents an important step forward in advancing the practical application within a controlled and credible framework. 

He said it demonstrates how digital capabilities can be explored within existing capital market structures in a disciplined manner, while remaining aligned with established market practices.

"We are focused on supporting this milestone by working closely with regulators and partners to ensure that emerging structures are operationally sound, scalable and aligned with market expectations.

"This is consistent with our Forward30 strategy, where we aim to deliver solutions that are simpler, better and faster for our clients," he said.

CIMB will continue to collaborate with key stakeholders, including regulators and industry partners, to support the responsible development of tokenised financial solutions and the broader digitalisation of financial markets, he said.

-- BERNAMA