Malayan Banking Berhad (Maybank) and CIMB Group Holdings Berhad have played a key role in the issuance of Malaysia’s first tokenized sukuk worth RM100 million by Khazanah Nasional in collaboration with the Securities Commission Malaysia.
Maybank acted as joint lead manager, custodian and initial lead investor for the tokenized sukuk project.
Meanwhile, CIMB acted as the sole lead advisor, sole lead arranger and sole facility agent.
In a statement, Maybank Group President and Chief Executive Officer, Datuk Seri Khairussaleh Ramli said the initiative was in line with Maybank’s ROAR30 aspirations to support the real economy and set a new benchmark in capital raising activities.
He explained that the issuance offered alternative financing to issuers, while investors gained wider access through fractionalisation and easier transactions.
Maybank is also committed to working with regulators and customers in Malaysia and ASEAN in adopting tokenisation solutions, subject to regulatory readiness, while ensuring market integrity and liquidity.
With a nominal value of RM100 million, the tokenised sukuk is part of Khazanah’s Danum Sukuk Programme, a medium-term Islamic sukuk programme of up to RM20 billion based on the Shariah principles of wakalah bi al-istithmar.
In a separate statement, CIMB Group Chief Executive Officer for Wholesale Banking, Chu Kok Wei, said Khazanah’s maiden tokenised sukuk was an important step in exploring practical applications within a regulated and authoritative framework.
He said it demonstrated how digital capabilities could be explored within the existing capital market structure in a disciplined manner, while remaining in line with established market practices.
CIMB stressed that their focus was to support this development by working closely with regulators and industry partners to ensure that the new structure was operational, scalable and in line with market expectations.
This move is also in line with CIMB's Forward30 strategy, which focuses on delivering simpler, better and faster solutions to customers.
CIMB will continue to work with various stakeholders including regulators and industry partners to support the responsible development of tokenized finance and the broader digitalisation of financial markets.
