KUALA LUMPUR: Malayan Banking Bhd
(Maybank) has executed the country's first tokenised supply chain financing (SCF) transaction via a tokenisation platform.
The transaction, amounting to RM1mil, was made via Virtual Economy Technology Sdn Bhd's (V Systems) NexA, a digital platform for tokenised trade receivables that operates within the regulatory sandbox framework of the Securities Commission.
The recipient of the financing was Syarikat Logam Unitrade Sdn Bhd, a supplier of construction and building materials.
"The successful pilot demonstrated a fully tokenised end-to-end SCF journey from invoice approval to disbursement and settlement within a live commercial environment by bringing greater transparency, traceability and speed," said Maybank in a press statement.
It added that the platform has the potential to transform conventional SCF workflows and enable instant access to working capital for buyers and suppliers particularly benefiting the micro, small and medium enterprises (MSMEs) segment.
Maybank's managing director of transaction banking and payments at global banking Arvind Santhanam Prasad said the innovation offers a practical way to unlock liquidity for MSMEs, which play a critical role in supply chains but often face persistent financing constraints.
"Looking ahead, we see potential in tokenisation of deep-tier supply chain financing to enable seamless cross-border trade financing across Asean.
"The initiative aligns with our ROAR30 five-year strategic plan and the aspirations of the Securities Commission’s Capital Market Masterplan 2026–2030 to drive innovation and inclusive finance through technology-enabled solutions.”
V Systems CEO Goh Yuen Khai added that the collaboration highlights the growing role of digital finance in supporting more connected and efficient markets.
