Maybank completes Malaysia's first RM1M tokenised supply chain deal
What's the deal? MaybankDealroom has a profile for this one. Try Dealroom → has completed Malaysia's first tokenised supply chain financing transaction, worth RM1 million. The bank ran the pilot with Virtual Economy Technology Sdn BhdDealroom has a profile for this one. Try Dealroom →, known as V SystemsDealroom has a profile for this one. Try Dealroom →, using its NexA tokenisation platform. Maybank ties the effort to its ROAR30 five-year plan
How it works: The pilot tokenised the full process — from invoice approval to disbursement and settlement — in a live commercial environment. Syarikat Logam Unitrade Sdn BhdDealroom has a profile for this one. Try Dealroom →, a Malaysian supplier of construction and building materials, took part, with Maybank providing the financing.
What's the endgame? Maybank expects tokenisation to make financing faster, more transparent, and easier to track for buyers and suppliers.
The MSME angle: Micro, small, and medium enterprises anchor supply chains but often struggle to access financing. "For MSMEs, which play a critical role in supply chains but often face persistent financing constraints, this innovation offers a practical way to unlock liquidity," said Arvind Santhanam Prasad, managing director of transaction banking and payments at Maybank's Global Banking division.
The signal: Both partners see the pilot as groundwork for cross-border trade financing across ASEAN. "We look forward to deepening our collaboration with Maybank to advance tokenised financing solutions in Malaysia and across the region," said Goh Yuen Khai, chief executive officer of V Systems.
Read more: Fintech News Malaysia
Image credit: Andy_Mitchell_UK
