According to BlockBeats news on June 17, Malaysian Prime Minister Anwar Ibrahim announced the launch of the 'Digital Asset Innovation Center' at the 2025 Sasana seminar, as reported by Businesstimes. This regulatory sandbox, led by the Central Bank of Malaysia, will allow for testing of innovations such as the Ringgit stablecoin and programmable payments, aiming to propel the country into a regional fintech hub. The Governor of the Central Bank of Malaysia, Abdul Rasheed Ghaffour, stated that they are simultaneously upgrading the Rentas payment system and exploring cross-border payment connectivity and asset tokenization.
On April 23, prior, the Prime Minister of Malaysia met with Binance founder CZ to promote the adoption of blockchain and tokenization. This meeting highlighted Malaysia's goal of becoming a regional blockchain innovation center.