Vietnam-Singapore Collaboration Demonstrates Trusted Digital Trade with TradeTrust
13 August 2026
Vietnamese technology company PILA and Singapore-based TOTM Technologies have signed a Memorandum of Understanding (MOU) to develop a shared digital trust infrastructure for ASEAN. The collaboration will launch a proof of concept using Verifiable Credentials (VCs) to enable independent verification of digital credentials in letter of credit (L/C) workflows between banks in Vietnam and Singapore, leveraging the TradeTrust framework to support trusted exchanges of digital trade documents.
Article: Representatives of PILA (Vietnam) signed a strategic cooperation agreement with TOTM Technologies (Singapore).
Strengthening Trust and Interoperability Across ASEAN
The initiative demonstrates how trusted digital infrastructure can streamline verification processes, improve interoperability, and support more efficient cross-border trade. Beyond trade finance, the partners plan to explore additional use cases, including Digital Product Passports (DPP) and cross-border payments, contributing to a more connected and trusted ASEAN digital economy. The collaboration reflects the growing momentum behind interoperable digital trade ecosystems, with TradeTrust serving as a common framework for the exchange and verification of digital trade documents.
Article: A trust bridge model for digital trade transactions between Vietnam and Singapore.
As ASEAN advances its digital transformation, initiatives like this highlight the value of trusted and interoperable digital infrastructure in enabling more seamless cross-border trade. By combining TradeTrust with Verifiable Credentials to support trusted exchanges and independent verification of digital trade documents, the collaboration demonstrates how common digital trust frameworks can accelerate the adoption of interoperable digital trade across the region.
Read the full published article here.