Although designed for wholesale issuance, the central bank said SSDS+ is also ready to support tokenized government bonds and corporate retail bonds. The announcement did not identify any securities already issued through the platform or disclose transaction volumes.
The rollout follows BNM’s three-year asset tokenization roadmap unveiled in November 2025, which outlined plans for pilot projects involving Islamic finance, supply chain financing and programmable payments.
In February, the central bank tested ringgit stablecoins and tokenized bank deposits through its Digital Asset Innovation Hub, with participation from major banks like Standard Chartered, CIMB Group Holding, Maybank and investment holding company Capital A.