Digital asset custody services trial by AmanahRaya Trustees in partnership with CoKeeps
In a significant move towards the future of wealth management, AmanahRaya Trustees Berhad, a leading Malaysian trustee company, has partnered with CoKeeps, Malaysia's first Securities Commission-registered digital asset custodian. This collaboration aims to prepare Malaysia's financial system for tokenisation and build a secure and reliable ecosystem for digital assets.
Zainudin Suhaimi, CEO of AmanahRaya Trustees Berhad, stated that digital assets are reshaping the future of wealth, necessitating the evolution of the trustee's role. The partnership is a strategic response to the evolving digital asset landscape and a commitment to remain a trusted partner in the rapidly transforming digital asset space.
The expanded services will include compliant access to local and global verified digital asset products for institutions and private mandates. The ecosystem built by the collaboration will uphold regulatory requirements and meet evolving market expectations. It will incorporate tokenised securities, stablecoins, digital currencies, and tokens into estate planning.
The platform will focus on frameworks that are thoroughly tested, secure, and scalable. The collaboration will develop processes for smart contract deployment and token lifecycle management. This partnership marks a significant step forward in building a secure and reliable ecosystem for digital assets.
Suhanna Husein, CEO of CoKeeps Sdn. Bhd., expressed appreciation for being appointed as an ART partner, strengthening Malaysia's digital asset management standards. The initiative is aligned with the government's agenda to accelerate the digital economy and foster financial innovation.
The partnership between AmanahRaya Trustees and CoKeeps will serve as an experimental platform for tokenisation. By integrating cutting-edge infrastructure, the collaboration emphasizes governance, compliance, and risk management as the foundation for tokenisation readiness and long-term value creation. This partnership is a testament to the commitment of both parties to drive innovation in the digital asset space and contribute to the growth of Malaysia's digital economy.
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