Malaysia central bank launches DLT platform for tokenized bonds
The platform tracks tokenized securities ownership and transfers, linking to Malaysia’s RENTAS+ system to settle corresponding payments in central bank money.
Malaysia's central bank has unveiled a distributed ledger technology (DLT) platform aimed at issuing and managing tokenized bonds. The system, known as Scripless Securities Depository System Plus (SSDS+), links digital securities records to the Real Time Electronic Transfer of Funds and Securities (RENTAS+) platform, which settles payments using central bank money.
SSDS+ enables the tracking of ownership and transfers of tokenized securities, with the potential to support both government and corporate retail bonds. The platform is part of Malaysia's broader three-year asset tokenization strategy, unveiled in November 2025, which includes pilot projects in Islamic finance, supply chain financing, and programmable payments.
In February, the central bank conducted tests involving ringgit stablecoins and tokenized bank deposits, in collaboration with major banks and an investment holding company.
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