SC Malaysia unveils three initiatives to spur innovation at SCxSC Fintech Summit 2024

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SC Malaysia unveils three initiatives to spur innovation at SCxSC Fintech Summit 2024 - Digital News Asia

Quick Summary:

Regulatory sandbox, securities tokenization, tokenized bonds with Khazanah

Tech-agnostic approach for tokenised securities and identify best practices In a positive development for the blockchain ecosystem in Malaysia, the Securities Commission Malaysia (SC) announced on Tuesday that it will introduce a regulatory sandbox and enhance its regulatory framework to encourage securities tokenisation to help spur innovations in the capital market.

Eligibility criteria include offering innovative capital market products or services that are not currently available in Malaysia and do not fully fit under existing regulatory framework that bring value to the market.