KUALA LUMPUR: Malayan Banking Bhd
(Maybank) successfully completed the first transaction under its inaugural pilot project for tokenised deposits and cross-border payments with Yinson Holdings Bhd on March 25, 2026.
The bank said the transaction marked a significant milestone in the bank's digital innovation journey, and advances its mission of humanising financial services, the heart of its ROAR30 five-year strategy.
The project integrates tokenisation of bank deposits with an on-chain foreign exchange (FX) conversion of ringgit to Singapore dollars, and a subsequent cross-border payment from Malaysia to Singapore, in near real-time, utilising Maybank’s permissioned blockchain.
The successful transaction demonstrates the technical feasibility of on-chain workflows and highlights its potential for incorporation into corporate treasury workflows to enhance operational efficiency and settlement speed.
Datuk Sri Khairussaleh Ramli, president and group CEO of Maybank said: "Our strategic focus on the MYR-SGD currency pair reflects the ambition to lead in facilitating seamless cross-border transactions, leveraging Maybank's Malaysia-Singapore corridor advantage and position as an ASEAN gateway bank.
"We are pushing ahead in our ROAR30 strategy to build a regional transaction and payments platform across Asean that delivers integrated client experiences, frictionless money movement, and liquidity optimisation."
He added that the bank has received strong market interest for collaboration on further pilots. "This is encouraging and with the next phase underway, we are exploring additional use cases and partnerships with clients across multiple segments. This includes tokenised Islamic finance for businesses from large corporates to SMEs (small and medium enterprises), retail and wealth client solutions.”
