MAS launches BLOOM for tokenised liabilities settlement

The program could also ease settlement assets, compliance checks, and agentic payments.

The Monetary Authority of Singapore (MAS) launched its BLOOM (Borderless, Liquid, Open, Online, Multi-currency) initiative, which enables settlement in tokenised bank liabilities and well-regulated stablecoins.

“Through BLOOM, MAS will collaborate with the financial industry to enable settlement in tokenised bank liabilities and well-regulated stablecoins” MAS said, adding the program will manage “risks in the rapidly evolving digital settlement asset landscape through standardised approaches.”

The initiative aims to cater to private sector firms in tokenised bank liabilities and stablecoins as settlement assets.

It will also enable use of G10 and Asian currencies and cross-border payments and settlements. For wholesale use, it will also be implemented in corporate treasury management, trade finance, and agentic payments, the agency said.

BLOOM members will collaborate to address challenges in the industry, such as distribution and clearing of settlement assets, automation of compliance checks, and agentic payments. Members include Circle, DBS, OCBC, Patriot, Stripe, and UOB.

BLOOM was based on Project Orchid, which was established in 2021 and explored use cases for a digital Singapore dollar and the infrastructure required to support it, MAS said.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia