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.