According to ChainCatcher, the Securities Commission (SC) of Malaysia today issued a consultation document aimed at collecting public opinions on the draft regulatory framework for tokenized capital market products, with the public consultation period running from May 6, 2025, to June 16.
The Securities Commission noted that tokenized capital market products digitize traditional financial products such as stocks, bonds, and funds through distributed ledger technology (DLT), and should be distinguished from digital tokens and digital currencies, which are regulated under different frameworks.
The Securities Commission stated that the development of this regulatory framework is in response to the growing market interest in tokenized products. The framework will focus on exploring the application of DLT in capital markets, including programmable assets, partial ownership, and enhanced transparency, while ensuring investor protection. The draft also covers key areas such as disclosure requirements, governance controls, technological risk management, and proposes additional requirements for relevant licensed entities.
