Bank Negara Malaysia has published a discussion paper setting out its proposed approach to exploring asset tokenisation in the Malaysian financial sector, with the aim of shaping its regulatory and development approach for tokenised financial services. The paper positions tokenisation as an area to be developed through collaboration to support a safe and sustainable roadmap. The central bank is seeking written feedback on the key themes in the paper, including specific issues to address, areas requiring clarification or further elaboration, and alternative proposals it should consider. Submissions are expected to be supported by a clear rationale and relevant evidence and/or illustrative examples, and must be provided by 1 March 2026.