Malaysia's asset tokenisation market could be worth up to US$43 billion by 2030, according to a new white paper titled Project Juara: Malaysia's Asset Tokenisation Opportunity, released jointly by Kenanga Investment Bank, Saison Capital, Helicap Labs, and Satori Research.
The report outlines the significant potential of tokenising regulated financial products such as unit trusts, bonds, and sukuk to transform Malaysia’s financial landscape. It calls for a coordinated national effort to build a robust digital asset ecosystem, engaging financial institutions, regulators, infrastructure providers, and community leaders.
“Tokenisation offers deep structural reform beyond digitalisation by reshaping how assets are issued, traded, and governed,” the paper notes. It also aligns with Malaysian Prime Minister Datuk Seri Anwar Ibrahim’s recent call to position Malaysia as a digital asset hub.
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Kenanga Group has already made major strides in the digital finance space with platforms like Rakuten Trade and Kenanga Digital Investing (KDI), as well as investments in digital asset exchanges and fintech firms. The group’s strategic partnerships—including with Ant Group—underscore its commitment to driving innovation in digital finance and tokenisation.
The report serves as both a roadmap and a call to action for transforming Malaysia’s capital markets.
Source: Agency