According to online reports, the Malaysian Securities Supervisory Commission (SC) today issued a consultation document aimed at collecting public opinions on the draft regulatory framework for tokenized capital market products. The public consultation period lasts from May 6 to June 16, 2025. The China Securities Regulatory Commission pointed out that tokenized capital market products digitize traditional financial products such as stocks, bonds and funds through decentralized ledger technology (DLT) and should be distinguished from digital tokens and digital currencies because the latter are regulated under a different framework. The China Securities Regulatory Commission said that the regulatory framework was formulated this time in response to the growing market interest in tokenized products. The framework will focus on discussing the application of DLT in the capital market, including programmable assets, partial ownership, improvement of transparency, etc., while ensuring investor protection. The draft also covers key areas such as disclosure requirements, governance controls, and technical risk management, and proposes additional requirements for relevant licensees.