All notes

Cambodia • Mar 28, 2026

Cambodia’s Bakong large-value rail comes into view

NBC’s 2025 Financial Stability Review discloses a USD 50,000 Bakong Large Value Payment threshold and dedicated metrics, while leaving route share and participant detail unresolved.

Saudi Arabia • Mar 26, 2026

Saudi Arabia's Q1 market-opening package now sits beside a visible digital infrastructure build-out

A Saudi institutional note separating the January 2026 foreign-investor opening from the March 2026 financing-fund reform and testing how far Tadawul's official materials support a digital market-infrastructure thesis.

Cross-border • Mar 18, 2026

Project Hangang moves into treasury workflows and commercialization

Project Hangang has moved from pilot proof into treasury-workflow testing and deposit-token commercialization prep.

Indonesia • Mar 11, 2026

PT Central Finansial X (CFX) gives Indonesia’s licensed crypto market a public reporting layer

How PT Central Finansial X’s monthly data release makes Indonesia’s OJK-supervised crypto market more publicly observable at the exchange layer.

Indonesia • Mar 9, 2026

Bank Syariah Indonesia’s bullion ecosystem now looks like a supervised digital-gold servicing lane

Bank Syariah Indonesia’s March 9, 2026 bullion update shows an integrated, vault-backed, shariah-governed gold-servicing stack inside a supervised Indonesian bank.

Vietnam • Mar 7, 2026

Vietnam Ministry of Finance makes client-asset segregation a hard control in the crypto-asset pilot

Vietnam Ministry of Finance Circular 15/2026/TT-BTC makes client cash and crypto segregation, customer-level subledgers, and non-recognition of custodial client crypto as provider assets explicit controls in the crypto-asset pilot.

Indonesia • Mar 7, 2026

OJK’s bullion roadmap makes Indonesia bullion a governed financial-services lane

OJK’s March 2026 bullion roadmap reframed Indonesia bullion and gold tokenization as supervised financial-services infrastructure tied to named rules, Gold ETF productization, and live sandbox evidence.

Singapore • Mar 4, 2026

Standard Chartered’s TP ICAP mandate inserts bank custody and settlement into wholesale digital-asset execution

Standard Chartered’s TP ICAP mandate shows bank custody and settlement moving into the core of wholesale digital-asset venue design.

Malaysia • Feb 27, 2026

CIMB moves tokenised funding into forward financing plans in Malaysia

CIMB's 27 February 2026 results release confirms that tokenised funding has entered forward financing plans, with own-sukuk exploration and tokenised-deposit settlement work already tied to Malaysia's regulated tokenisation stack.

Vietnam • Feb 24, 2026

State Securities Commission of Vietnam is moving the crypto-asset market into operator build-out

Vietnam’s State Securities Commission signaled on 24 February 2026 that the crypto-asset market had entered operator build-out, backed by pilot rules and licensing intake.

Malaysia • Feb 11, 2026

Maybank's ringgit tokenised-deposit pilot turns Malaysia's digital-money debate into a named wholesale test

Maybank's February 11, 2026 ringgit tokenised-deposit pilot under BNM's DAIH, framed as a supervised wholesale cross-border payments test rather than a generic blockchain announcement.

Malaysia • Feb 11, 2026

Bank Negara Malaysia puts an end-2026 policy clock on ringgit stablecoins and tokenised deposits

How Bank Negara Malaysia’s February 2026 DAIH update adds an end-2026 policy timetable for ringgit stablecoins and tokenised deposits inside a wholesale settlement perimeter.

Malaysia • Jan 30, 2026

Securities Commission Malaysia makes digital-asset broking an explicit licensed lane

Securities Commission Malaysia’s 30 January 2026 practice note allowing certain CMSL holders to provide digital-asset broking under explicit sourcing, custody, segregation, and client-protection controls.

United Arab Emirates • Jan 19, 2026

Emirates NBD’s AED digital bond gives the UAE a live digital-debt proof point across issuance, settlement, and listing

Emirates NBD’s January 2026 AED digitally native bond and why it gave the UAE a live issuance, settlement, and listing proof point.

United Arab Emirates • Jan 12, 2026

DFSA's January 2026 crypto rewrite gives firms the token gate and keeps payment-token issuance federal

Why the DFSA's January 2026 crypto rewrite should be read as a shift from regulator-maintained token recognition to firm-led suitability, tighter custody accountability, and a sharper DIFC boundary with the CBUAE's federal payment-token regime.

Cambodia • Jan 9, 2026

ACLEDA Bank’s Ministry of Commerce launch signals deeper workflow integration in Cambodia public-service collections

ACLEDA Bank’s January 2026 Ministry of Commerce launch suggests a deeper role in Cambodia public-service collections and workflow-linked bank rails.

United Arab Emirates • Dec 10, 2025

ADGM's digital-asset stack now signals regulated operating depth in the UAE

Why ADGM's December 2025 ecosystem update should be read as regulated operating depth across payments, custody, and intermediation, not as proof of scaled adoption.

Singapore • Dec 3, 2025

Monetary Authority of Singapore turns BLOOM into the settlement leg of Project Guardian

MAS’s 3 December 2025 BLOOM speech and the shift from asset tokenisation to supervised settlement-asset infrastructure.

Saudi Arabia • Nov 16, 2025

Saudi Central Bank extends tokenized commercial-bank money experimentation into collateral workflows

Saudi Central Bank's November 16, 2025 disclosure that links tokenized commercial-bank money testing with blockchain-enabled collateral pledging automation.

Singapore • Nov 11, 2025

DBS and Kinexys make interbank tokenized deposits Singapore's next operating test

Why DBS's November 2025 Kinexys announcement matters as a cross-bank tokenized-deposit interoperability signal, not just another bank-tokenization release.

Vietnam • Oct 21, 2025

9M25 call points to an affiliate-led digital-asset operator route

Techcombank's October 2025 earnings call tied any future digital-asset participation to TCBS or a new subsidiary, aligning the bank with Vietnam's licensed crypto-asset operator model.

Saudi Arabia • Oct 7, 2025

Saudi Arabia’s Muqassa turns broader collateral eligibility into the next phase of repo-market buildout

Muqassa’s October 2025 annual-report disclosure shows Saudi repo infrastructure moving from limited collateral settings toward broader government bond/sukuk eligibility, non-SAR cash support, and a tri-party repo agenda.

Saudi Arabia • Oct 7, 2025

Saudi Arabia's Edaa is expanding from depository utility into fund-distribution and debt-servicing infrastructure

Saudi market infrastructure is widening beyond safekeeping into mutual-fund distribution, debt-market omnibus custody, and broader servicing through Edaa Connect and adjacent post-trade services.

Cambodia • Sep 25, 2025

National Bank of Cambodia's Bakong scale now reads as settlement infrastructure

How the National Bank of Cambodia's September 2025 Bakong scale disclosure reframes Cambodia as national settlement infrastructure for institutional readers.