PANews reported on May 6 that the Securities Commission of Malaysia (SC) today released a consultation document to collect public opinions on the draft regulatory framework for tokenized capital market products. The public consultation period will last from May 6 to June 16, 2025.
The SFC pointed out that tokenized capital market products, which digitize traditional financial products such as stocks, bonds and funds through distributed ledger technology (DLT), should be distinguished from digital tokens and digital currencies as the latter are regulated by different frameworks.
The CSRC stated that the regulatory framework was formulated in response to the market's growing interest in tokenized products. The framework will focus on the application of DLT in the capital market, including programmable assets, partial ownership, and enhanced transparency, while ensuring investor protection. The draft also involves key areas such as disclosure requirements, governance controls, and technology risk management, and proposes additional requirements for relevant licensees.
