Overview
BLOOM (Borderless, Liquid, Open, Online, Multi-currency) is a Monetary Authority of Singapore-led public-private initiative to align cross-border tokenised deposits and regulated stablecoins for acceptance, settlement, and interoperability.
Timeline
- 2026-10-23: bank-negara-malaysia and bank-of-thailand joined as policymaker members; industry additions include Mastercard, Visa, Ripple, Maybank, World Bank Group (2026-10-23-mas-bloom-malaysia-thailand-official)
- Prior participants include Circle, Stripe, J.P. Morgan, DBS, StraitsX (2026-10-23-singapore-bloom-thailand-malaysia)
October 2026 release describes policy frameworks and commercial alignment—not a live ASEAN-wide payment rail or shared stablecoin licence.
Key Players
Analysis
BLOOM parallels EU/US stablecoin infrastructure narratives while respecting jurisdiction-specific rules; complements bilateral sandbox work (e.g. Thailand–Singapore QR travel payments under earlier BLOOM pilots).