Khazanah launches Malaysia’s first tokenised sukuk in RM100mil pilot with SC

Khazanah Nasional Bhd has issued Malaysia’s first tokenised sukuk worth RM100mil in collaboration with the Securities Commission Malaysia (SC), marking a pilot initiative to test the use of blockchain technology in the domestic capital market.

In a statement, SC said the issuance forms part of the Sukuk Danum Programme. This is an Islamic Medium-Term Notes (IMTN) programme of up to RM20bil in nominal value, with a one-year tenure for this inaugural tranche, structured based on the Shariah principle of Wakalah bi al-Istithmar.

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