Ripple joins MAS BLOOM initiative to pilot tokenized trade settlements

It aims to create a model for cross-border, interoperable settlements.

Ripple has joined the Monetary Authority of Singapore’s (MAS) BLOOM initiative for a cross-border trade settlement project.

The initiative—which stands for Borderless, Liquid, Open, Online, Multi-Currency—is designed to extend settlement capabilities in tokenised bank liabilities and regulated stablecoins.

Ripple, a blockchain-based enterprise solutions provider, will work with Unloq, a supply chain finance technology provider, for its pilot use case. The project aims to showcase a “viable model for Singapore’s future development of innovative and interoperable settlement infrastructure,” according to a press release on 25 March 2026.

The project will involve using Unloq’s SC+ trade finance infrastructure, and Ripple’s XRP Ledger (XRPL) and Ripple USD (RLUSD), a stablecoin designed for enterprise use cases.