Golden Finance reports that Bank Negara Malaysia is working with several local financial institutions to study the potential of wholesale central bank digital currency through a proof of concept (POC), aiming to optimize Malaysia’s wholesale payment system RENTAS. Bank Negara Malaysia is also actively participating in a number of cross-border wholesale digital currency and innovation projects led by the Bank for International Settlements (BIS Innovation Hub), such as the "Dunbar" project, the "Mandala" project, the "Rialto" project and the "mBridge" ” programs and serve primarily in an observer role on these projects. “These projects deeply explore the application of distributed ledger technology (DLT) and central bank digital currencies, with a view to improving the efficiency of cross-border payments.” It is reported that the original intention of Bank Negara Malaysia to participate in these projects is to deepen the institutional and financial industry’s understanding of central bank digital currencies. Cognition, laying the foundation for potential future development.