Deployments · platform by Standard Chartered
Standard Chartered Malaysia ringgit stablecoin pilot with Capital ANew
Standard Chartered Bank Malaysia is testing a ringgit-denominated stablecoin for round-the-clock business-to-business wholesale settlement, with Capital A as its commercial counterparty, in a separate sandbox within Bank Negara Malaysia's Digital Asset Innovation Hub (onboarded February 2026). The bank says the coin is designed to fit conventional and, potentially later, Islamic finance principles. BNM treats ringgit stablecoins as a new instrument and plans to give clarity on them by the end of 2026. No transactions have been reported.
Pilot since 11 Feb 2026[1] — Onboarded for a supervised pilot; no transaction reported in the sources found. · Reviewed 13d ago
- Assets
- Networks
- Use cases
- Domestic payments[1][2]
- Jurisdictions
- Malaysia
Participants
- Standard CharteredIssuer, Operator, Platform provider[1][2]United Kingdom
- Capital AClient or user[1][2][4][5]Malaysia
- Bank Negara MalaysiaCounterparty[1][3]Malaysia
Timeline
- Happened 11 Feb 2026 · Announcement · recorded 26 Oct 2026Bank Negara Malaysia onboards Standard Chartered Malaysia and Capital A's ringgit stablecoin pilot for business-to-business settlement to its Digital Asset Innovation Hub.[1]
Sources
- [1]BNM onboards three projects to test ringgit stablecoins, tokenised deposits for payments — The Edge Malaysia, 11 Feb 2026. Accessed 26 Oct 2026.C
- [2]Malaysia's tokenisation pilots target cross-border wholesale frictions — The Asian Banker, 23 Apr 2026. Accessed 26 Oct 2026.C
- [3]Capital A and Standard Chartered Malaysia set to explore MYR ... — AirAsia Newsroom. Accessed 8 Nov 2026.B
- [4]News Media – Standard Chartered Malaysia — Standard Chartered. Accessed 8 Nov 2026.B
- [5]Malaysia partners with three banks to trial ringgit stablecoin | IDNFinancials — IDNFinancials, 13 Feb 2026. Accessed 8 Nov 2026.C
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