The Monetary Authority of Singapore launches the BLOOM initiative to expand the digital settlement capabilities of financial institutions

ChainCatcher news, the Monetary Authority of Singapore (MAS) announced the launch of the BLOOM (Borderless, Liquid, Open, Online, Multi-currency) initiative in 2025, aimed at expanding the settlement capabilities of financial institutions.

The initiative will support the settlement of tokenized bank liabilities and regulated stablecoins, effectively managing digital asset risks. BLOOM builds on Project Orchid, covering G10 and Asian multi-currency payments, cross-border settlements, and wholesale use cases. The first batch of partners includes financial institutions such as Circle, DBS, and OCBC, which will collaboratively address industry challenges such as settlement asset allocation, compliance automation, and AI agent payments, driving a new wave of financial innovation.