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Blockchain technology services provider V Systems Malaysia says it has been appointed by Malaysia’s sovereign wealth fund, Khazanah Nasional Berhad, to support Malaysia’s first tokenized Islamic bond pilot project. The project covers the issuance of approximately $25.2 million under Khazanah’s Sukuk Danum Islamic Medium-Term Notes Programme (Khazanah Sukuk Danum Programme), with an overall framework limit of about $5.05 billion. The project is coordinated and regulated by the Securities Commission of Malaysia, and is deployed on Malaysia’s local private blockchain, Aeris Chain. (CoinTrust)