Bank Negara Malaysia developed the Scripless Securities Depository System (SSDS+) internally on its existing wholesale depository infrastructure, designing it to support wholesale markets, tokenized government securities, and corporate retail bonds

Traditional assets like treasuries, funds, stocks and real estate brought onto blockchains as tradable tokens.

Moving stocks, bonds, and other securities onto blockchains as tokenized assets, and the debates over investor protection, trading hours, and settlement.