Bank Negara Malaysia has launched SSDS+, an in-house issuance, depository and safekeeping platform for tokenized bonds and sukuk, according to Ledger Insights. It extends the central bank's existing Scripless Securities Depository System (SSDS), the country's current central securities depository.
Malaysia's cloud-based real time gross settlement system RENTAS+ started operating around the clock last year; once integrated with SSDS+, transactions can settle in central bank money at any hour. The platform is designed to support tokenized government bonds and corporate retail bonds.
Reported by the Tokenization desk from Ledger Insights. Published . Corrections