The Central Bank of Malaysia is actively researching the potential of wholesale central bank digital currency. According to Golden Finance, the Central Bank of Malaysia is collaborating with several local financial institutions to explore the potential of wholesale central bank digital currency through a proof of concept (POC), aimed at optimizing Malaysia's wholesale payment system RENTAS. The Central Bank of Malaysia is also actively involved in several cross-border wholesale digital currency and innovation projects led by the Bank for International Settlements Innovation Hub, such as the Dunbar project, Mandala project, Rialto project, and mBridge project, mainly serving in an observer role in these initiatives. 'These projects explore the application of distributed ledger technology (DLT) and central bank digital currency, with the aim of enhancing the efficiency of cross-border payments.' It is reported that the Central Bank of Malaysia's intention to participate in these projects is to deepen institutional and financial industry understanding of central bank digital currency, laying the groundwork for potential future developments.