Singapore Unveils New Initiative to Expand Tokenized Finance and Stablecoin Adoption

The Monetary Authority of Singapore (MAS) has BLOOM, a program aimed at accelerating the integration of tokenized bank liabilities and regulated stablecoins into global and domestic settlement systems. BLOOM was announced on October 16, 2025, with the goal of meeting the changing needs of the digital settlement asset sector by providing a framework for next-generation financial services.​

BLOOM draws from insights of over 10 industry experiments, turning lessons into market-ready answers. It builds on Project Orchid and MAS’s earlier digital Singapore dollar work, moving from foundational research to practical financial products.​

Key Goals and Working Together in the Industry

BLOOM has a number of strategic goals, such as:

1. Payments and Settlements Across Borders and Within the Country: The goal of this effort is to transform the way payments and settlements operate, particularly for cross-border transactions. BLOOM will facilitate easier value transfers between regions, thereby streamlining international payments and settlements.​

2. Support for Multiple Currencies: BLOOM enables efficient, cost-effective transactions in G10 and key Asian currencies, creating a flexible global financial ecosystem. M’s approach to wholesale use cases includes corporate treasury management, trade finance, and agentic payments. These answers improve the efficiency of financial operations and expand the range of capabilities.​

To make this change happen, MAS is working closely with a number of well-known companies in the financial industry, such as , DBS, OCBC, Partior, Stripe, and UOB. Collaboration is all about making compliance checks and settlement procedures more efficient and automatic, lowering transaction costs, and encouraging the use of digital asset settlement in real-world financial situations.​

Moving Forward With Digital Assets and Financial Innovation

BLOOM shows that Singapore is serious about digital assets and innovative financial answers. Kenneth Gay, the Chief FinTech Officer at MAS, said that BLOOM gives financial institutions more alternatives for settlement assets.

This is in addition to other programs like Project Guardian and Global Layer One that are already in place. All of these projects work together to improve the infrastructure and capacities of major financial institutions, making them better prepared for the age.​

It’s worth noting that MAS’s latest move to establish a robust digital asset ecosystem follows its announcement of a one-year delay to the Basel Committee’s crypto regulations, which are now slated to take effect in 2027. This delay provides the sector with more time to adapt to changing regulatory standards, ensuring the market is ready for new ideas simultaneously.​

Impact on Global Financial Systems

Singapore’s reputation as a leading centre for digital financial transformation is even stronger with BLOOM. The project will create settlement infrastructure that is quicker, securer, and more flexible, which will assist tokenised finance and become more popular.

Singapore’s financial ecosystem is ready for a new era of efficiency and global connection in digital asset management. This is because of clear regulations, innovative technologies, and solid collaborations in the industry.​