Bursa Malaysia explores the use of blockchain to issue bonds

Bursa Malaysia Bhd and Hashstacs Pte Ltd, a Singapore fintech solution provider, have jointly explored the issuance of bonds through the blockchain proof of concept (PoC) to promote the development of the bond market. Bursa Malaysia CEO Datuk Muhamad Umar Swift said that the project is called “Project Harbour” and aims to explore and utilize the opportunities brought by blockchain technology and asset tokenization.