Malaysia's central bank launches SSDS+ tokenized bond platform, supporting round-the-clock settlement

October 21 – Malaysia's central bank announced on October 20 the launch of the SSDS+ platform for the issuance, custody and safekeeping of tokenized bonds and Islamic bonds (Sukuk). The platform was developed in-house by the central bank, using cloud technology and distributed ledger technology. In addition to wholesale market issuance, it is also capable of supporting the issuance of tokenized retail bonds by the government and corporates.

SSDS+ has been integrated with the RENTAS+ system to support round-the-clock payment and settlement: the former manages the transfer and ownership records of tokenized securities, while the latter completes the transfer of corresponding bond purchase funds in central bank money.