PM Anwar Launches Digital Asset Innovation Hub to Explore Stablecoins In Malaysia
The focus of the Digital Asset Innovation Hub includes programmable money and a ringgit-backed stablecoin
Bank Negara Malaysia (BNM) has launched a new Digital Asset Innovation Hub as part of the Sasana Symposium 2025.
The initiative aims to stimulate financial innovation in a controlled environment where applicants can test new financial solutions and provide input to refine regulatory and security frameworks.
The two-day event, held at Sasana Kijang on 17 and 18 June, brings together policymakers, business leaders, academics, and civil society to explore reforms needed to build a more resilient Malaysia.
Prime Minister Dato’ Seri Anwar Ibrahim officiated the launch of the hub, which is designed to support the development of digital assets and financial technology in the country.
The focus includes programmable money and a ringgit-backed stablecoin, according to the Prime Minister.
The event also includes Bazar iTEKAD, where 14 of over 10,000 microentrepreneurs who have benefited from the iTEKAD social finance programme are showcasing their products.
The programme offers blended financing and structured training to help small business owners scale their operations.
In line with Malaysia’s ASEAN Chairmanship next year, the symposium also hosts an immersive ASEAN Tunnel exhibition featuring sight and sound, highlighting BNM’s efforts to support ASEAN’s climate goals, promote instant payment connectivity, and strengthen local currency transactions.