Maybank Deposit Tokens Cross-Border Payments Pilot Targets Faster ASEAN Settlements

Maybank deposit tokens cross-border payments are being tested as Maybank and Malaysia’s Yinson Holdings pilot a tokenised ringgit under Bank Negara Malaysia’s Digital Asset Innovation Hub.

Maybank said the pilot uses its permissioned blockchain to run on-chain transactions involving ringgit and other ASEAN deposit tokens, with Yinson as the first corporate participant.

Bank Negara launched the hub in June 2025 as a regulatory sandbox to trial programmable money and ringgit-backed digital assets.

Maybank said the project will assess technical feasibility and operational readiness for near real-time settlement and help design next-generation payment rails, aligning with its Roar30 strategy, which includes MYR10bn (USD2.1bn) in technology investments.