KUALA LUMPUR: Bank Negara Malaysia has launched a new platform to facilitate the issuance, depository and safekeeping of tokenised bonds and sukuk.

Known as Ssds+, the platform is designed to streamline transactions, provide greater flexibility in structuring financial instruments and expand access to investment opportunities.

Bank Negara said the platform was developed in-house using cloud and distributed ledger technologies.

It builds on the existing scripless securities depository system, which serves as the central securities depository for the wholesale financial market.