RAM Ratings and V Systems Collaborate to Support Digital Trade Finance

Published on 17 Jul 2026.

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RAM Rating Services Berhad (“RAM Ratings”) and Virtual Economy Technology Sdn Bhd (“V Systems”) have entered into a collaboration to integrate RAM Ratings’ independent credit rating capabilities into V Systems’s regulated digital trade finance platform, NexA. The collaboration was marked by a signing ceremony held on 17 July 2026 at RAM’s office. Operating within the Securities Commission Malaysia’s Sandbox for Alternative Financing, NexA is a blockchain-enabled supply chain financing platform designed to facilitate digital trade financing.

Under the collaboration, RAM Ratings will provide independent credit ratings on platform participants – starting with the assessment of anchor buyers, using its proprietary CreditSCAN model. V Systems will use the credit ratings to support its due diligence, including decision-making on applicable borrowing rate bands, liquidity pool eligibility, risk controls and disclosures. As supplier financing on the platform is supported by tokenised receivables from anchor buyers, a strong anchor buyer credit rating will enhance prospective financiers’ confidence in the underlying receivables and improve suppliers’ access to financing.

“This collaboration reflects RAM Ratings’ commitment to supporting innovation in Malaysia’s capital market infrastructure. As new digital financing models emerge, credible credit assessments can help strengthen market confidence, support prudent risk governance and promote more informed participation across the financing ecosystem,” remarked Julie Ng, CEO of RAM Ratings.

“NexA is built to unlock financing deeper into the supply chain. Integrating RAM Ratings’ credit ratings strengthens the trust layer needed to scale tokenised trade finance responsibly and transparently,” added YK Goh, CEO of V Systems.

 

Media contact
RAM Rating Services Berhad Sakinah Arifin sakinah@ram.com.my		Virtual Economy Technology Sdn Bhd Laura Baldis laura.baldis@v.systems

 

The credit rating is not a recommendation to purchase, sell or hold a security, inasmuch as it does not comment on the security’s market price or its suitability for a particular investor, nor does it involve any audit by RAM Ratings. The credit rating also does not reflect the legality and enforceability of financial obligations.

RAM Ratings receives compensation for its rating services, normally paid by the issuers of such securities or the rated entity, and sometimes third parties participating in marketing the securities, insurers, guarantors, other obligors, underwriters, etc. The receipt of this compensation has no influence on RAM Ratings’ credit opinions or other analytical processes. In all instances, RAM Ratings is committed to preserving the objectivity, integrity and independence of its ratings. Rating fees are communicated to clients prior to the issuance of rating opinions. While RAM Ratings reserves the right to disseminate the ratings, it receives no payment for doing so, except for subscriptions to its publications.

Similarly, the disclaimers above also apply to RAM Ratings’ credit-related analyses and commentaries, where relevant.

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