Malaysia Central Bank Launches DLT Platform For Tokenized Bonds
Malaysia’s central bank has launched a DLT-based platform for tokenized bonds, supporting 24/7 settlement and future retail bond issuances.
Malaysia’s central bank has launched SSDS+, a distributed ledger technology (DLT) platform designed for tokenized bonds, according to Cointelegraph. The platform tracks the ownership and transfers of tokenized securities.
RENTAS+ Integration
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The system links directly to Malaysia’s RENTAS+ system to settle corresponding payments securely in central bank money. By utilizing DLT architecture, the platform supports 24/7 settlement capabilities and lays the groundwork for future retail bond issuances.
Key Facts
- The platform is named SSDS+.
- It operates on distributed ledger technology.
- Settlement integrates with Malaysia's RENTAS+ system using central bank money.
- Features include 24/7 settlement and support for future retail bond issuances.
Source: cointelegraph.com
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