It supports the issuance, custody, and collateralization of debt securities, including Islamic bonds known as sukuk. Unlike standard bonds, they do not allow direct payment of debt interest. Instead, they represent a stake in real assets, with returns generated by an ownership interest in the business.
The new platform processes payments in real time around the clock in central bank money. The project is being implemented as part of the central bank’s three-year tokenization plan. The platform is intended for wholesale issuance, but it can also support other securities, including corporate ones. However, Bank Negara Malaysia did not provide detailed information on the issuance.