Suche
Singapore launches BLOOM: revolution of tokenized finance!
Singapore launches BLOOM initiative for tokenized finance and stablecoins to promote innovation and settlement.
Singapore launches BLOOM: revolution of tokenized finance!
The Monetary Authority of Singapore (MAS) launched a new initiative on October 16, 2025, called BLOOM (Borderless, Liquid, Open, Online, Multi-currency). Loud crypto.news BLOOM aims to expand settlement capacity through tokenized bank debt and regulated stablecoins. This marks a significant step in promoting financial innovation within the country.
A central goal of BLOOM is to address challenges in the tokenization of assets. By working closely with major financial institutions such as Circle, DBS, OCBC, Partior, Stripe and UOB, MAS plans to comprehensively improve settlement systems. The initiative is also intended to help automate compliance checks, increasing the efficiency and security of the financial system.
Integration and innovation
BLOOM draws on insights from Project Orchid, launched in 2021, which explored various use cases for a digital Singapore dollar. Over 10 successful tests as part of this project have given MAS valuable insights into the practical application of tokenized financial assets. BLOOM's focus is on integrating these technological innovations into national and international payment systems.
Key goals of the initiative include improving cross-border payments and settlements and supporting multiple currencies, including G10 and Asian currencies. BLOOM will also promote specialized applications in the wholesale sector, such as corporate financial management, trade finance and agentic payments.
Future outlook
MAS Chief FinTech Officer Kenneth Gay has highlighted that BLOOM will expand the choice of settlement assets and is a valuable addition to existing initiatives such as Project Guardian and Global Layer One. The launch of BLOOM also comes at a time when the implementation of the Basel Committee's crypto regulations has been postponed until 2027. This delay presents an additional challenge that BLOOM is now set to address.
MAS sees BLOOM as an important milestone for Singapore to promote digital assets in the financial sector, further expanding the country's position as a pioneer in fintech innovation. Active collaboration between MAS and leading financial institutions is considered essential to the success of this initiative.