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The Securities Commission Malaysia (SC) has announced the completion of a pilot project called Project Castor which sought to explore the technical implementation and feasibility of using blockchain technology as the underlying market infrastructure for unlisted and over-the-counter (OTC) markets. Datuk Syed Zaid Albar, chairman of Securities Commission Malaysia, announced...
The Securities Commission (SC) Malaysia is exploring the use of distributed ledger technology for the over-the-counter (OTC) market. The pilot project, run through SC's Alliance for Fintech (aFINity) program, aims to examine how blockchain could facilitate unlisted market activity and improve transparency. "Traditionally, the unlisted and OTC market space have...