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Malaysia's central bank, Bank Negara Malaysia (BNM), has introduced a three-year strategy to advance asset tokenization in the financial sector, prioritizing practical applications such as financing for small and medium-sized enterprises. Ripple has expanded its services by launching a crypto spot prime brokerage, following its acquisition of prime broker Hidden Road. Additionally, several major players, including Iren, a Bitcoin mining firm, have secured significant deals, such as a $9.7 billion contract with Microsoft for GPU cloud services.

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