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Malaysia's central bank introduces DLT platform for tokenized bonds and sukuk

Bank Negara Malaysia has launched SSDS+, a distributed ledger technology platform designed to issue, hold, and track tokenized bonds and sukuk with settlement in central bank money.

Logo of Bank Negara Malaysia featuring a barking deer emblem and text.
Image: @Cointelegraph

Bank Negara Malaysia, the country's central bank, has launched a distributed ledger technology platform named SSDS+ for issuing and holding tokenized bonds and sukuk, according to reports from Cointelegraph and The Block.[1][2]

The platform tracks the ownership and transfer of tokenized securities while connecting directly to Malaysia's RENTAS+ system to settle transactions in central bank money. In addition, the system integrates with a 24/7 payment and settlement structure and can support both government and retail bond issuance.[2][3][4]

Key facts

  • Bank Negara Malaysia launched a distributed ledger technology platform named SSDS+ for tokenized bonds and sukuk.
  • The platform tracks tokenized securities ownership and transfers.
  • The system links to Malaysia's RENTAS+ network to settle payments in central bank money.
  • The platform is integrated with a 24/7 payment and settlement system using central bank money.
  • The platform can support both government and retail bond issuance.

Sources 路 4 sources

  1. CO

    Cointelegraph@CointelegraphPost on X 路

    馃嚥馃嚲 NEW: Malaysia鈥檚 central bank launches SSDS+, a platform for issuing and holding tokenized bonds and sukuk. https://t.co/UPFOotAo8i

    Open source
  2. TB

    The Block@TheBlockCoPost on X 路

    THE BLOCK: Malaysia's central bank has launched a blockchain-based platform for tokenized bonds. The platform is integrated with a 24/7 payment and settlement system using central bank money and can support government and retail bond issuance. https://t.co/sSry4vyGgE

    Open source
  3. CT

    Coin TelegraphArticle 路

    Malaysia central bank launches DLT platform for tokenized bonds The platform tracks tokenized securities ownership and transfers, linking to Malaysia鈥檚 RENTAS+ system to settle corresponding payments in central bank money.

    Open source
  4. C庐

    CryptoSavingExpert 庐@CryptoSavingExpPost on X 路

    Malaysia is taking another step towards bringing traditional finance on-chain. The country鈥檚 central bank has launched a distributed ledger technology platform for tokenised bonds, tracking ownership and transfers while connecting with RENTAS+ to settle payments in central bank money. Why does this matter? Tokenisation could make financial markets more efficient by improving how securities are recorded, transferred and settled. The bigger picture is that blockchain infrastructure is moving beyond crypto trading and into the plumbing of traditional finance. The question now is how quickly these systems can scale and whether other financial institutions follow.

    Open source