Figure urges US Treasury to adopt Malaysia-style 24/7 tokenized bond platform
- —Malaysia's central bank launched SSDS+ on Oct. 20 for issuing and holding tokenized bonds and sukuk
- —SSDS+ manages securities records while RENTAS+ handles payments in central bank money 24/7
- —DTCC processed live tokenized Treasury repo trades on July 15 with over 30 firms
- —Figure pursues native on-chain issuance on Provenance, Solana, Stellar and Base
Why it matters: A U.S. move toward on-chain Treasury issuance could accelerate tokenization of government debt and lower borrowing costs.
Source: crypto.news
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