[Bank Negara Malaysia Announces Stablecoin and Tokenization Pilot Sandbox] BlockBeats news, February 12, according to Cointelegraph, Malaysia's central bank stated that its digital asset innovation center is piloting three regulatory sandbox programs to explore and develop stablecoins and tokenized bank deposits. BNM's related initiatives primarily focus on using the Malaysian Ringgit stablecoin for cross-border settlements and developing tokenized real-world assets (RWA). The pilot also aims to test tokenized bank deposits, with all research outcomes potentially serving as references for the future development of wholesale central bank digital currencies (CBDC), which are on-chain fiat currencies directly issued and managed by the central bank.