Stablecoin operations/Malaysia wholesale tokenized-cash settlement
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Malaysia wholesale tokenized-cash settlement

Route

Treasury scope, participant set, and money-form request

Outcome

Policy-gated wholesale tokenized-cash settlement between named institutions, with explicit money-form election, controlled release, bank acknowledgment, finality proof, and reconciled close.

Timing

Days to weeks. Each settlement release runs within the approved intraday window and typically confirms near real time.

Control roles

SN orchestrationParticipant allowlist serviceSettlement bankFinality proof normalizer

Steps

1

Treasury scope and participant set

2

Participant and reserve gate

3

Bank-led tokenized-cash settlement

4

Reconcile and publish evidence