According to Coincu, Capital A, the parent company of AirAsia, has partnered with Standard Chartered Malaysia to develop and test a stablecoin denominated in Malaysian Ringgit (MYR). The initiative, conducted under Bank Negara Malaysia’s Digital Asset Innovation Hub, marks Capital A’s first regulated entry into the digital asset space, focusing on wholesale applications and real-time settlements. Tony Fernandes, CEO of Capital A, highlighted the potential for the company to transition into a technology-led digital ecosystem.
Capital A and Standard Chartered Test MYR Stablecoin in Malaysia
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Summary
Capital A, parent of AirAsia, has joined forces with Standard Chartered Malaysia to test a MYR-denominated stablecoin. The project, part of Bank Negara Malaysia’s Digital Asset Innovation Hub, represents Capital A’s first regulated foray into digital assets. The initiative focuses on wholesale use cases and real-time settlements. CEO Tony Fernandes emphasized the innovation and potential for the company to evolve into a tech-driven digital ecosystem.
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