The initiative will assess technical feasibility and operational readiness for executing on-chain transactions securely and in near real time, as well as help shape the design of next-generation payment rails and infrastructure.
Maybank is kicking off a pilot that puts Ringgit deposits on a blockchain, testing whether tokenised bank money can speed up cross-border payments across Southeast Asia.
It has launched its first Ringgit tokenised money pilot with Yinson Holdings as a participant under Bank Negara Malaysia's Digital Asset Innovation Hub. The trial will explore on-chain cross-border payments involving ringgit and other Asean deposit tokens on Maybank's permissioned blockchain.
