SOVEREIGN CAPITAL · LEAD INVESTIGATION
10 Oct 2026 · 08:30 MYT
Malaysia Prices First Tokenised Sukuk: The EVM Settlement Layer Dissected
THE SIGNAL
RM100 million priced with institutional syndicate backing (Khazanah, CIMB, Maybank). Wakalah underlying remains compliant with SAC-BNM guidelines.
THE EXPOSURE
Cuts settlement cycle from T+2 to instantaneous atomic delivery-versus-payment (DvP) on private permissioned EVM ledger.
JURISTIC VIEW
Dr. Tariq Al-Amiri confirms smart contract minting preserves legal title without invoking prohibited debt-sale (Bay al-Dayn) caveats.
Analysis by Dr. Tariq Al-Amiri · Senior Jurist
