Completion announced: 27 August 2026. Coverage reviewed: 4 November 2026.
CIMB announced a completed pilot using tokenised deposits to settle tokenised sukuk in a controlled environment. The test related to a RM1.68 billion issuance under CIMB Islamic Bank's existing Senior Sukuk Wakalah Programme. Of that total, RM1.38 billion was represented in tokenised form and subscribed by 12 institutional investors; the other RM300 million was traditional sukuk. CIMB's 27 August announcement.
Testing both sides of settlement
The pilot connects a digitally represented security with digitally represented commercial bank money. CIMB said the work would help assess automation, liquidity management and subsequent lifecycle events such as distributions, transfers and redemption. The announcement describes a controlled pilot; it does not establish unrestricted commercial availability. CIMB's account of the pilot.
The transaction follows Khazanah's earlier RM100 million tokenised sukuk. Together, the two transactions give Malaysia concrete examples of institutional tokenisation beyond proposals and conference discussions.
Reference
- CIMB — Completion of tokenised deposit settlement pilot, 27 August 2026.