[MAS] MAS Launches BLOOM Initiative to Extend Settlement Capabilities

Institutional crypto adoption is progressing? No. Completed.

It’s already adopted.

After more than 10 trials, examining technical and infra aspects for digital Singapore dollar, their learnings translated into now market-ready commercial offerings (called Project Orchid),

Monetary authority of Singapore launched BLOOM, enabling settlement in tokenized assets and stablecoin for private banks !

It encompasses:
– G10 and Asian currencies.
– Cross-border payments and settlement.
– Treasury management, trade finance, and agentic payments.

List of BLOOM members:-
• Circle • Coinbase • DBS • J.P. Morgan • Stripe • Standard Chartered • Anchorage Digital • Ant International • Kasikorn Bank • OCBC • Partior • Schroders • StraitsX • Temasek • UOB • Xweave.

Read more: https://www.mas.gov.sg/news/media-releases/2025/mas-launches-bloom-initiative-to-extend-settlement-capabilities