Malaysia’s decision to launch a three-year asset tokenization roadmap under Bank Negara Malaysia has sparked significant discussion across the fintech space. While many applaud the move as a sign of progress, others are asking: will the regulatory-heavy approach slow innovation?
The plan includes pilot programs, cross-sector collaboration, and compliance frameworks to explore tokenization in finance, green bonds, and Islamic products. It’s a well-structured approach — but in a space evolving as fast as blockchain, can regulation keep pace without stifling growth?
Should Malaysia focus on regulated tokenization first, or open the doors to sandbox experimentation like Singapore’s MAS model?
What’s your view — is Malaysia setting the right pace for innovation, or playing it too safe in the tokenization race?