In 2025, the trading volume of regulated digital assets in Malaysia reached RM17.14 billion, which is 23% higher compared to the previous year. This figure was announced by Fitch Ratings on September 16, 2026, and confirmed by the Malaysian Securities Commission's digital asset market update. This information indicates that regulated digital assets are finding an increasingly clear path for integration into the country's Islamic financial market.
As of mid-2026, ten digital asset operators hold regulatory status in Malaysia, including exchanges, custodians, and initial exchange offering platforms. According to Fitch, the volume of regulated cryptocurrency trading accounts for only about 2.5% of the trading volumes in Malaysia's traditional stock market, highlighting the narrower scope of activity compared to traditional securities. The official list of Sharia-compliant assets includes Bitcoin, Ether, XRP, and Stellar. Bank Negara Malaysia is also testing ringgit stablecoins and tokenized deposits as part of three initiatives in 2026.
Fitch expects that Islamic cryptocurrency offerings will gradually develop despite existing disagreements in Sharia interpretations. For example, Bybit is seeing activity in the Malaysian market, including investments in regulated exchanges like Hata, which recorded transaction volumes of RM1.04 billion under Malaysian regulatory approvals in 2025. Bank Negara also aims to provide more clarity regarding ringgit stablecoins and tokenized deposits by the end of 2026 after completing testing involving over 30 domestic and international organizations.
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