BLOOM, Singapore's cross-border digital money network
Where it stands now. Malaysia's and Thailand's central banks joined BLOOM as policy-making members in October 2026, a year after MAS launched it.
The record 2 developments
Malaysia and Thailand's central banks join Singapore's BLOOM network
What happened. Bank Negara Malaysia and the Bank of Thailand have joined BLOOM, the Monetary Authority of Singapore's programme for cross-border payments in digital money, as policy-making members. MAS announced it on 23 October. BLOOM looks at using tokenised bank deposits and regulated stablecoins across borders. Airwallex, Mastercard, Maybank, Monee, Nium, Ripple, ShopeePay, Visa and the World Bank Group also take part.
Why it matters. MAS says the aim is shared frameworks, so that banks and payment firms in different countries spend less and launch faster when they connect.
- BLOOM's first priorities are settling digital money across borders, making different digital money systems work together, and built-in checks such as identity checks, sanctions screening and transaction controls.
- Each central bank will work with firms in its own country on how different forms of digital money are accepted, converted and settled.
- The firms taking part will try digital money for payments, cash management and trade finance.
Read the originals (4), usually in their own language
- Central banks of Singapore, Malaysia, and Thailand join BLOOM to advance cross-border digital currency settlement interoperability · TechFlow
- Malaysia and Thailand Join Singapore’s BLOOM Initiative · Fintech News Malaysia
- Malaysia and Thailand join Singapore's cross-border stablecoin transfer initiative · Coin68, headline translated by us
- These 3 central banks join Ripple and Visa on stablecoin payments · Liputan6, headline translated by us
MAS launches BLOOM
The Monetary Authority of Singapore launched BLOOM in October 2025, according to Fintech News Malaysia.