Maybank anchors Malaysia’s first tokenised sukuk pilot by Khazanah Nasional and Securities Commission

• Pilot advanced blockchain-enabled capital raising in Islamic finance
• Anchors inaugural tokenised sukuk under Khazanah’s Danum Programme

Maybank is playing a leading role as joint lead manager, custodian and primary subscriber in Malaysia’s inaugural tokenised sukuk issuance by sovereign wealth fund Khazanah Nasional Berhad, in collaboration with the Securities Commission Malaysia. In a statement, the bank noted that this landmark transaction marks a significant step in advancing financial market innovation in Malaysia, reinforcing the country’s leadership in global Islamic capital markets.

With a nominal value of US$22 million (RM100 million), the tokenised issuance forms part of Khazanah’s Sukuk Danum Programme, an Islamic Medium-Term Notes programme of up to US$4.3 billion (RM20 billion), based on the Shariah principle of Wakalah bi al-Istithmar.

This follows Maybank’s successful completion of its maiden pilot project with Yinson Holdings Berhad on 25 March 2026, which enabled on-chain foreign exchange conversion of Malaysian ringgit to Singapore dollars and near real-time cross-border payments via its permissioned blockchain.

Khairussaleh Ramli (pic), president and group CEO of Maybank, said: “Building on our momentum, we are pleased to support the inaugural tokenised sukuk pilot by Khazanah Nasional and the Securities Commission. This initiative aligns with Maybank’s ROAR30 ambition of powering the real economy and sets a new benchmark for capital raising.”

“Issuers gain access to alternative funding avenues, while investors benefit from broader access through fractionalisation and more efficient transactions. We remain committed to working closely with regulators and clients across Asean to advance tokenisation solutions, while safeguarding market integrity and promoting liquidity,” he added.