Bank Negara Malaysia has launched SSDS+, a distributed ledger-based platform for issuing, holding and safekeeping tokenized debt securities, including sukuk. The platform tracks ownership and transfers and links to the RENTAS+ system to settle bond payments in central bank money around the clock. Although designed for wholesale issuance, it is also ready to support tokenized government bonds and corporate retail bonds. The central bank did not identify any securities issued through the platform or disclose transaction volumes. The launch follows its three-year asset tokenization roadmap from November 2025 and February tests of ringgit stablecoins and tokenized deposits with banks including Standard Chartered, CIMB, Maybank and Capital A.
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| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $2.1B |
| Close on 10/20/2026 | 0.45350 |
| Change that session | +4.13% |
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- Malaysia central bank launches DLT platform for tokenized bonds
Bank Negara Malaysia (BNM) has launched SSDS+, a distributed ledger-based platform that supports the issuance and safekeeping of tokenized debt securities, including sukuk. The platform tracks ownership and transfers and connects to RENTAS+ to settle bond payments in central bank money. Although designed for wholesale issuance, SSDS+ is also ready for tokenized government bonds and corporate retail bonds, but the announcement did not identify any securities issued or disclose transaction volumes. The launch follows BNM's three-year asset tokenization roadmap unveiled in November 2025, and tests of ringgit stablecoins and tokenized bank deposits in February with major banks including Standard Chartered, CIMB, Maybank and Capital A.
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