San Francisco, AI capital of the world, is an economic laggard

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The platform tracks tokenized securities ownership and transfers, linking to Malaysia’s RENTAS+ system to settle corresponding payments in central bank money. Malaysia’s central bank has launched a distributed ledger-based platform for issuing and holding tokenized bonds, connecting digital securities records with a payment system designed to operate around the clock. Bank Negara Malaysia (BNM) said that its next-generation Scripless Securities Depository System (SSDS+) supports the issuance, depository and safekeeping of tokenized debt securities, including Islamic bonds known as sukuk. The new platform tracks ownership and transfers of tokenized securities and connects to the Real Time Electronic Transfer of Funds and Securities (RENTAS+) system, which handles corresponding bond payments in central bank money. Although designed for wholesale issuance, the central bank said SSDS+ is also ready to support tokenized government bonds and corporate retail bonds. The announcement did not identify any securities already issued through the platform or disclose transaction volumes.

Oct 21, 2026, 1:25 a.m. EDT3 min readRipple brings Wall Street into 24/7 stock bets, but HSBC warns markets are still thin. (Steve Heap/Shutterstock)SummaryRipple Prime now allows institutional clients to trade swaps tied to more than 100 stock, commodity and currency markets around the clock, using its RLUSD stablecoin as collateral. HSBC called the offering “evolutionary, not revolutionary,” warning that limited liquidity could constrain large trades and initially favor market makers, proprietary traders and hedge funds. The risks of weekend trading surfaced when nearly $52 million in leveraged chip-stock positions were liquidated within 10 minutes while the underlying shares were not trading. Ripple is giving institutions a way to bet on stocks, gold and oil over the weekend through its brokerage business, but HSBC says thin trading could limit how much money follows them in. Daragh Maher, head of digital assets research at HSBC, called the launch an “evolutionary, not revolutionary” step in a note to clients on Monday, a copy of which was shared with CoinDesk.