Bank Negara Malaysia has announced a three-year initiative to explore the tokenization of real-world assets. The program includes the establishment of a Digital Asset Innovation Center and an industry working group to gather feedback on potential applications, such as supply chain finance and Islamic finance products. The central bank's report details a phased plan, with proof-of-concept and pilot testing set for 2026, and expansion planned for 2027. Industry feedback on application cases is invited by March 1, 2026, with specific criteria outlined for eligible experiments.