Capital A and Standard Chartered Malaysia partner to explore a ringgit‑backed stablecoin

Agreement Overview

Capital A and Standard Chartered Bank Malaysia have entered into a letter of intent to explore the creation and testing of a ringgit‑denominated stablecoin within Bank Negara Malaysia’s Digital Asset Innovation Hub.

Roles and Focus Within the Innovation Hub

The partnership will concentrate on designing, developing, and piloting the digital currency, utilizing the central bank’s innovation platform to meet regulatory standards and ensure technical soundness.