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Regulatory · Malaysia · Thu 22 Oct · 3 min read

Malaysia central bank launches tokenized bond DLT platform

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What happened

Bank Negara Malaysia (BNM) has launched a live distributed ledger technology platform for tokenized bonds and sukuk. The platform records ownership and transfers of tokenized securities and connects directly to RENTAS+, Malaysia's real-time gross settlement system, to settle corresponding payments in central bank money. This is a production system, not a proof of concept or regulatory sandbox exercise.

RENTAS+ is BNM's upgraded central securities depository and payment infrastructure. Settlement in central bank money means finality is backed by the sovereign balance sheet, eliminating the counterparty risk that sits at the center of most private tokenized asset experiments.

Why it matters

Sources: Cointelegraph

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