Bank of Thailand and Bank Negara Malaysia joined MAS-led BLOOM (Borderless, Liquid, Open, Online, Multi-currency), a public-private initiative to coordinate cross-border digital money (tokenised deposits, regulated stablecoins).
Launched 2025; participants include Airwallex, Mastercard, Maybank, Monee, Nium, Ripple, ShopeePay, Visa, World Bank Group. Focus areas: cross-jurisdiction acceptance/settlement; interoperability across digital money arrangements; programmable controls.
Leong Sing Chiong (MAS deputy MD): policymakers and industry must collaborate on acceptance, settlement, and interoperability to realize digital money benefits.