Monetary Authority of Singapore Launches BLOOM Initiative to Expand Digital Settlement Capabilities
2025-10-16 09:01:18
The Monetary Authority of Singapore (MAS) announced the launch of the BLOOM (Borderless, Liquid, Open, Online, Multi-currency) initiative in 2025 to expand the settlement capabilities of the Financial Institution Group. The initiative will support the settlement of tokenized bank liabilities and regulated stablecoins, and effectively manage digital asset risk. BLOOM is built on Project Orchid and covers multi-currency payments, cross-border settlements, and wholesale use cases in G10 and Asia. The first batch of partners includes Circle, DBS, OCBC and other Financial Institution Groups, which will jointly solve industry challenges such as settlement asset allocation, compliance automation and AI agent payments, and drive a new wave of financial innovation.
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