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Bank Negara Malaysia Launched DLT platform for tokenized bonds!

Bank Negara Malaysia Launched DLT platform for tokenized bonds!

Malaysia is taking it's steps into the world of blockchain and the tokenized assets. It has decided to make the national level bank to launch the DLT platform. This platform would hold and do the work required for the tokenized bonds. 

Distributed ledger based tech is not new. You can see that's govt and enterprise making use of it instead of launching on public traded chains like Solana, avalanche, ethereum etc. So this one is locked for the govt transparency and use. 

Malaysia is a good example of how to do this internally. You don't have to bow down to the USA and their cronies who bad mouth other nations who don't buy their stuff. So I think on that note doing everything local and building the competitiveness is better move. 

Like Malaysia, I feel other nations should do the same. And do the work on the DLT chains. And this would be a good direction through which the asset and the tokenized bonds would find the right audience and ability to cashout. 

Check out the news here. 

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Novasky
Novasky

Crypto Blogger and Open Source Developer.


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