Standard Chartered and Capital A to Pilot Ringgit Stablecoin for Wholesale Use in Malaysia
Standard Chartered Malaysia and Capital A, the parent company of AirAsia, have announced plans to issue and pilot a ringgit-pegged stablecoin intended for wholesale financial use. The initiative targets institutional settlement, treasury operations and tokenised asset workflows, positioning the pilot as a practical test of tokenised fiat infrastructure in Malaysia.
The move could streamline cross-border and interbank liquidity management, reduce settlement times and pave the way for more efficient corporate treasury operations if successful. Observers will watch for regulatory engagement, pilot scope and technical interoperability with existing payment systems; positive results could accelerate broader institutional adoption of tokenised currencies in the region.