{
  "id": 2059539,
  "title": "Maybank makes Malaysia's tokenised financing debut",
  "url": "https://urgent.news/2026/08/20/maybank-makes-malaysias-tokenised-financing-debut",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T01:40:00.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1514941/maybank-makes-malaysias-tokenised-financing-debut"
  },
  "original_language": "en",
  "account": "Malayan Banking Bhd, commonly known as Maybank, has made history by conducting Malaysia's inaugural tokenised supply chain financing (SCF) transaction, a move aimed at enhancing transparency, traceability, and resilience within supply chains. This RM1 million pilot project was executed in collaboration with Virtual Economy Technology Sdn Bhd (V Systems) utilizing their NexA tokenisation platform, which has been developed under the Securities Commission's Regulatory Sandbox.\n\nThe transaction was facilitated by Syarikat Logam Unitrade Sdn Bhd (Unitrade), a company specializing in the supply of construction and building materials. Maybank provided the necessary financing for the pilot, which showcased a fully tokenised end-to-end SCF process, covering invoice approval, disbursement, and settlement within a live commercial environment. This innovative approach has the potential to revolutionize traditional SCF workflows by facilitating quicker access to working capital for buyers and suppliers, especially micro, small, and medium enterprises (MSMEs).\n\nThe technology employed in this pilot could also contribute to the advancement of digitalisation and value creation in various industries, as outlined in the 13th Malaysia Plan (13MP), particularly in high-growth sectors with extensive or multi-tier supply chains where liquidity can be unlocked at lower levels of the supply chain ecosystem. Speaking about the pilot, Maybank's Managing Director of Transaction Banking and Payments, Arvind Santhanam Prasad, emphasized that technology can be harnessed responsibly to improve both the efficiency and inclusivity of supply chains. For MSMEs, who often face significant financing constraints despite playing a critical role in supply chains, this innovation presents a practical solution to unlock much-needed liquidity.\n\nIn a statement, V Systems' Chief Executive Officer, Goh Yuen Khai, highlighted that the future of digital finance will be anchored in trusted infrastructure that facilitates seamless movement of assets, transactions, and liquidity across value chains. This partnership underscores the expanding role of digital finance in fostering more interconnected and efficient markets. This pilot marks Maybank's latest milestone in tokenisation, following previous efforts such as Malaysia's first tokenised sukuk issuance, as well as initiatives involving on-chain Malaysian ringgit-Singapore dollar foreign exchange conversions and cross-border payments between Malaysia and Singapore.",
  "summary": "KUALA LUMPUR: Malayan Banking Bhd (Maybank) completed Malaysia’s first tokenised supply chain financing (SCF) transaction, marking a step towards greater transparency, traceability and resilience in supply chains.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}