All notes

Global • Apr 5, 2026

Global post-trade infrastructure moved to tokenized issuance and settlement in Q1 2026

DTCC, Euroclear, Clearstream, LSEG, HSBC, BMO/CME, BNY, State Street, and SIX all launched or advanced tokenized infrastructure products in Q1 2026

Thailand • Apr 2, 2026

Thailand's tokenized-fund rule is a mutual-fund servicing reform, not a digital-asset carve-out

Thailand's SEC amended the existing mutual-fund rulebook through Office Notifications No. SorNor. 4/2569 and 5/2569, both dated 24 March 2026 and effective 1 April 2026, rather than creating a new stand-alone tokenized-fund statute.

Cambodia • Apr 1, 2026

Cambodia's cross-border payment stack deepens as Mastercard Move and Singapore KHQR go live in parallel

The April 1 ACLEDA--Mastercard Move launch adds a non-Bakong account-based payout rail alongside Cambodia's existing QR and correspondent channels. Public evidence points first to outward B2B and B2P transfers from ACLEDA-linked company accounts across 42 destinations, with instant or near real-time delivery depending on corridor.

Indonesia • Apr 1, 2026

OJK trims and rebuilds Indonesia's digital-asset stack as BI adds South Korea QRIS

PT Tennet Depository Indonesia's licence revocation, effective 12 March 2026, shows OJK is willing to remove a support institution from the inherited stack; the public notice cites the decree and stop-order but does not disclose the underlying breach.

Malaysia • Mar 30, 2026

SC Malaysia's March 2026 ICM revision opens a clearer DAX route for Shariah digital currencies--without yet creating a full tokenised ICM code

The clearest digital-Islamic amendment is new paragraph 38.07: a DAX operator that intends to offer a Shariah-compliant digital currency must obtain SAC endorsement before offering it.

Malaysia • Mar 30, 2026

Maybank's first on-chain MYR-SGD payment gives Malaysia its clearest tokenised-deposit operating proof yet

Maybank has moved from announcing a ringgit tokenised-deposit pilot to executing a first MYR-SGD transaction with Yinson on 25 March 2026, tying an on-chain FX leg to a near-real-time Malaysia-Singapore payment.

Vietnam • Mar 29, 2026

Vietnam's crypto tax circular formalizes a licensed-market path without legalizing crypto payments

Circular 32/2026/TT-BTC is real, in force from 27 March 2026, and applies VAT, CIT, and PIT rules to crypto-asset transactions conducted inside the Resolution 05 pilot.

Saudi Arabia • Mar 26, 2026

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

The actual foreign-investor access expansion was the 5/6 January 2026 reform: CMA Board Resolution No. 1-2-2026 and CMA_N_3974 removed the QFI concept for the Main Market and opened direct investment to all foreign natural and legal persons from 1 February 2026.

Indonesia • Mar 11, 2026

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

CFX’s new monthly “Crypto Asset Industry Data Update” is notable because it adds a recurring public reporting layer to Indonesia’s licensed crypto-market stack.

Indonesia • Mar 9, 2026

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

The important signal is not the growth metric by itself.

Indonesia • Mar 7, 2026

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

Because OJK gave bullion a named supervisory architecture rather than a generic development narrative.

Vietnam • Mar 7, 2026

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

Vietnam’s Ministry of Finance has moved the crypto-asset pilot from market-design language into auditable operating rules.

Singapore • Mar 4, 2026

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

Standard Chartered’s 4 March 2026 appointment matters because it places a named bank custodian and settlement agent inside TP ICAP’s matched-principal digital-asset venue stack.

Malaysia • Feb 27, 2026

CIMB moves tokenised funding into forward financing plans in Malaysia

By 27 February 2026, CIMB had moved beyond generic tokenisation rhetoric: it had tied part of future funding requirements to tokenised bond and sukuk formats, linked tokenised deposits to settlement for tokenised securities, and entered BNM's supervised Digital Asset Innovation Hub to test regulated payment and settlement use cases.

Vietnam • Feb 24, 2026

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

By 24 February 2026, Vietnam’s crypto-asset market had moved beyond exploratory policy language.

Malaysia • Feb 11, 2026

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

Bank Negara Malaysia’s 11 February 2026 DAIH statement converts broad experimentation into a dated central-bank signal.

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 announcement moves Malaysia's tokenised-deposit discussion from policy exploration into a named bank pilot with a stated payments use case.

Malaysia • Jan 30, 2026

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

Malaysia’s 30 January 2026 practice note is the clearest official statement yet that certain CMSL holders may broker digital assets.

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

By January 19, 2026, public materials showed a live UAE bank issuance in AED under a conventional EMTN framework, with D-FMI-specific creation and record mechanics, delivery-against-payment, and a DFSA/Nasdaq Dubai admission path.

United Arab Emirates • Jan 12, 2026

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

The January 2026 DFSA package is already in force. It amended GEN, COB, CIR, FER, AMI, MKT and GLO, removed the recognised-token list for non-fiat Crypto Tokens, and shifted suitability to firms under GEN 3A.2.1 and 3A.2.1A.

Cambodia • Jan 9, 2026

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

The January 9 announcement turns a narrow public-fee payment launch into a broader statement about ministry-linked workflow integration.

United Arab Emirates • Dec 10, 2025

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

ADGM's December 2025 update turns the UAE story into a regulated operating-market signal, not just an FRT rulemaking story.

Singapore • Dec 3, 2025

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

MAS’s 3 December 2025 speech clarifies an ambiguity that still existed after the October BLOOM launch.

Saudi Arabia • Nov 16, 2025

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

By then, the strongest official public evidence showed that SAMA had disclosed two distinct Innovation Hub proofs of concept: a blockchain project to automate collateral pledging and a live multi-party test of tokenized commercial-bank money.