V Systems Malaysia has been appointed by Malaysia's sovereign wealth fund, Khazanah Nasional, to support the country's first tokenized Islamic bond pilot project. The initiative involves the issuance of approximately $25.2 million under the Khazanah Sukuk Danum Programme, which has a framework cap of about $5.05 billion. The project is coordinated and regulated by the Securities Commission Malaysia and will be deployed on the local private blockchain, Aeris Chain.