Malaysia central bank launches DLT platform for tokenized bonds
The platform tracks tokenized securities ownership and transfers, linking to Malaysia’s RENTAS+ system to settle corresponding payments in central bank money.
Malaysia’s central bank has launched a distributed ledger-based platform for issuing and holding tokenized bonds, connecting digital securities records with a payment system designed to operate around the clock.
Bank Negara Malaysia (BNM) said that its next-generation Scripless Securities Depository System (SSDS+) supports the issuance, depository and safekeeping of tokenized debt securities, including Islamic bonds known as sukuk.
The new platform tracks ownership and transfers of tokenized securities and connects to the Real Time Electronic Transfer of Funds and Securities (RENTAS+) system, which handles corresponding bond payments in central bank money.
