Malaysia's central bank launches SSDS+ platform to support tokenized bond and sukuk issuance.

October 21: Bank Negara Malaysia announced the launch of SSDS+, a next-generation paperless securities depository system based on distributed ledger technology, supporting the issuance, depository, and custody of tokenized debt securities, including sukuk.

The platform can track the ownership and transfer of tokenized securities and connects to the real-time electronic funds and securities transfer system RENTAS+ to complete corresponding bond payment settlement in central bank money.

Bank Negara Malaysia stated that although SSDS+ is primarily designed for wholesale issuance, it is also capable of supporting tokenized government bonds and corporate retail bonds.