Technology
Bullish
Malaysia central bank launches DLT platform for tokenized bonds
Image: CointelegraphBank Negara Malaysia has launched SSDS+, a distributed ledger-based platform for issuing and safekeeping tokenized bonds and Islamic sukuk. The system records ownership and transfers of tokenized securities and connects to RENTAS+ for round-the-clock settlement in central bank money. The central bank said the platform is designed for wholesale issuance and is also ready to support tokenized government and corporate retail bonds.
Key points
- Bank Negara Malaysia launched SSDS+ to support issuance and safekeeping of tokenized bonds and Islamic sukuk.
- SSDS+ records ownership and transfers of tokenized securities electronically, according to the central bank.
- The platform connects to RENTAS+ to settle corresponding bond payments in central bank money.
Why it matters
SSDS+ links tokenized bond records to Malaysia's central bank payment system, enabling round-the-clock settlement in central bank money. It covers tokenized bonds and Islamic sukuk.
What's unclear
The first bond issuer using SSDS+ and transaction volumes remain undisclosed.
A timeline for tokenized retail bonds on SSDS+ has not been announced.
Sources · 2 publishers
Crypto.news
Tier 2
Malaysia central bank launches tokenized bond platform with 24/7 settlement
Coverage timeline
- First reported by Cointelegraph
- Also reported by Crypto.news
- CryptoVideos brief published
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