CIMB settles $342m tokenized sukuk using tokenized deposits in Malaysian first

CIMB Islamic Bank has completed a pilot settling tokenized sukuk using tokenized deposits, bringing together two strands of Malaysia’s digital asset development for the first time. The pilot involved a RM1.68 billion issuance under CIMB Islamic Bank’s existing Senior Sukuk Wakalah Programme, with tenors of five to 15 years.

Of the total, RM1.38 billion ($342m) […]

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