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Deployments · platform by Maybank

Maybank tokenised deposit pilot for cross-border corporate paymentsNew

Maybank is testing tokenised deposits for cross-border corporate payments and liquidity management, one of three pilots Bank Negara Malaysia onboarded to its Digital Asset Innovation Hub in February 2026. Transactions are anchored to existing regulated payment rails to keep settlement final. A live test with Yinson, completed on 25 March 2026, settled atomically with a built-in ringgit to Singapore dollar conversion outside normal banking hours. Maybank is also looking at programmable payments from large corporates to their SME suppliers. BNM plans to set out its policy on tokenised deposits and ringgit stablecoins by the end of 2026.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Pilot since 11 Feb 2026[1] — Supervised pilot in a controlled environment with corporate clients; one live test reported (March 2026). · Reviewed 13d ago

Assets
Bank deposit[2]
Maybank tokenised deposits (ringgit and Singapore dollar)
Networks
Unknown ledger Not disclosed[1]
No ledger named.
Use cases
Cross-border payments[2]FX settlement[2]Programmable payments[2]
Jurisdictions
Malaysia

Participants

Timeline

  1. Happened 25 Mar 2026 · First transaction · recorded 26 Oct 2026
    Maybank completes a live tokenised deposit test with Yinson, settling atomically with embedded MYR/SGD conversion outside banking hours.[2]
  2. Happened 11 Feb 2026 · Announcement · recorded 26 Oct 2026
    Bank Negara Malaysia onboards Maybank's tokenised deposit pilot, with CIMB's and Standard Chartered Malaysia's, to its Digital Asset Innovation Hub.[1]

Sources

  1. [1]BNM onboards three projects to test ringgit stablecoins, tokenised deposits for payments — The Edge Malaysia, 11 Feb 2026. Accessed 26 Oct 2026. Reports BNM's statement on the three Digital Asset Innovation Hub initiatives..C
  2. [2]Malaysia's tokenisation pilots target cross-border wholesale frictions — The Asian Banker, 23 Apr 2026. Accessed 26 Oct 2026.C
  3. [3]Maybank completes on-chain tokenised FX and cross-border payment via MYR-SGD corridor — Maybank (via The Asian Banker), 30 Mar 2026. Accessed 28 Oct 2026. Bank announcement re-published in The Asian Banker's press-release section; describes the ledger only as Maybank's permissioned blockchain..B
  4. [4]Maybank launches inaugural pilot for Ringgit tokenised deposits and cross border payments via blockchain | Maybank — Maybank, 11 Feb 2026. Accessed 7 Nov 2026.B

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