Just now, Malaysia’s central bank put bonds on-chain
On October 20, Bank Negara Malaysia (BNM) announced the launch of SSDS+, a new platform designed to issue, register, and custody tokenized bonds and Islamic bonds (sukuk).
In plain English, that means three things:
1. Bonds become digital records on a blockchain: Developed in-house by the central bank, the platform uses cloud and distributed ledger technology and upgrades the existing scripless securities depository system, SSDS. Ownership and transfers are recorded in the system.
2. Cash and securities settle simultaneously: SSDS+ is connected to the central bank’s payment system, RENTAS+. Bond purchases are paid for in central bank money and can be settled 24/7, without waiting for business days.
3. It’s not just for institutions: In addition to issuance in the wholesale market, the central bank says the platform can already support tokenized government bonds and retail bonds for individual investors.
Central bank governor Abdul Rasheed Ghaffour called it an “important milestone” in modernizing Malaysia’s financial infrastructure, adding that it would open up new use cases for securities and payments.
For ordinary people, the part worth watching is what comes next: if retail bonds really move onto this system, buying government bonds could one day be as easy as making a bank transfer, with changes to both the barriers to entry and settlement times. Over the past two years, central banks and governments in many regions have been testing tokenized bonds. More and more central banks are getting directly involved in the RWA (real-world assets on-chain) space.
Where do you think tokenized government bonds will become widespread first?
#据报马来西亚央行推出代币化债券平台 #ETH #BTC
On October 20, Bank Negara Malaysia (BNM) announced the launch of SSDS+, a new platform designed to issue, register, and custody tokenized bonds and Islamic bonds (sukuk).
In plain English, that means three things:
1. Bonds become digital records on a blockchain: Developed in-house by the central bank, the platform uses cloud and distributed ledger technology and upgrades the existing scripless securities depository system, SSDS. Ownership and transfers are recorded in the system.
2. Cash and securities settle simultaneously: SSDS+ is connected to the central bank’s payment system, RENTAS+. Bond purchases are paid for in central bank money and can be settled 24/7, without waiting for business days.
3. It’s not just for institutions: In addition to issuance in the wholesale market, the central bank says the platform can already support tokenized government bonds and retail bonds for individual investors.
Central bank governor Abdul Rasheed Ghaffour called it an “important milestone” in modernizing Malaysia’s financial infrastructure, adding that it would open up new use cases for securities and payments.
For ordinary people, the part worth watching is what comes next: if retail bonds really move onto this system, buying government bonds could one day be as easy as making a bank transfer, with changes to both the barriers to entry and settlement times. Over the past two years, central banks and governments in many regions have been testing tokenized bonds. More and more central banks are getting directly involved in the RWA (real-world assets on-chain) space.
Where do you think tokenized government bonds will become widespread first?
#据报马来西亚央行推出代币化债券平台 #ETH #BTC