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CoinWorld News reports that blockchain technology service provider v systems malaysia has announced 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 involves the issuance of approximately $25.2 million under Khazanah's sukuk danum Islamic medium-term note program, with a framework cap 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.