Malaysia’s Prime Minister Anwar Ibrahim has announced the Digital Asset Innovation Hub, a project that will serve as a testing ground for financial technology and digital asset initiatives.
According to a report by The Business Times on June 17, the goal is to allow companies to test their tools and products while the country’s central bank monitors the process.
The announcement came during the Sasana Symposium 2025 in Kuala Lumpur.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
Is Decentralized Anonymous Blockchain a Myth? (Explained!)
Anwar explained that businesses will be able to test features such as programmable payments, ringgit-backed stablecoins, and supply chain financing solutions. These trials will take place in a safe and supervised environment.
Anwar said at the event:
Our ambition is clear—to align infrastructure, policy and talent across both the public and private sectors in pursuit of a digitally capable, future-ready Malaysia.
The head of the central bank, Abdul Rasheed Ghaffour, noted that Malaysia’s financial system must adapt to remain competitive.
Ghaffour listed several projects already in progress. These include updates to the country’s Rentas payment system, closer links with overseas payment networks, and work on asset tokenization.
Officials say the sandbox is not only for crypto-related projects. Other companies working on payment tech, automated compliance, or international transfers are also welcome.
On June 15, Michael Saylor, executive chairman of Strategy, offered to assist Pakistan as it develops its cryptocurrency strategy. How would he plan to do that? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
