Virtual Economy Technology Sdn Bhd participated in Malaysia's first tokenised supply chain financing deal worth RM1 million, conducted by Maybank using its NexA platform.
Maybank has completed Malaysia’s first tokenised supply chain financing deal worth RM1 million. The deal utilized its NexA tokenization platform, enabling a more transparent and efficient financing process for MSMEs. This innovative approach aims to unlock liquidity and improve financing accessibility in supply chains. The initiative supports efforts towards driving innovation and inclusive finance in the region.
Company Information
Company
Virtual Economy Technology Sdn Bhd
Location
Malaysia
About
Maybank is a leading financial services group in Malaysia, providing a wide range of solutions including banking, investment, and insurance services. The bank aims to innovate in financing solutions, particularly for Micro, Small, and Medium Enterprises (MSMEs). With initiatives like tokenised supply chain financing, Maybank is focused on enhancing transparency and efficiency in financial transactions. Their operations are aligned with regulatory frameworks to support technological advancements in the financial sector.
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