BNM Launches SSDS+ Platform for Tokenised Bonds and Sukuk
Bank Negara Malaysia (BNM) has officially launched SSDS+, a proprietary platform designed to facilitate the issuance, recording, and safeguarding of tokenised bonds and sukuk. Developed in-house using cloud and distributed ledger technology, the system serves as an evolution of the existing Scripless Securities Depository System. By integrating with the RENTAS+ real-time gross settlement system, the platform enables 24/7 payment and settlement services using central bank money. This infrastructure supports both wholesale and retail bond issuances, aiming to increase market efficiency and broaden investment access. The initiative aligns with BNM’s three-year roadmap introduced in 2025 to advance asset tokenisation within the national financial sector. By digitising securities, the central bank seeks to foster more flexible financial instruments and modernise Malaysia's overall market infrastructure. This development represents a significant institutional commitment to integrating blockchain technology into sovereign debt management and settlement processes.