Singapore’s BLOOM Project Expands with Malaysian and Thai Central Banks
The Monetary Authority of Singapore (MAS) announced on October 23, 2026, that Malaysia's and Thailand's central banks have joined BLOOM as policymaker members. The project aims to enable banks and payment firms to settle cross-border deals using regulated stablecoins and tokenized deposits.
Malaysian and Thai central banks join Singapore's BLOOM project.
BLOOM aims for cross-border settlement using regulated stablecoins and tokenized deposits.
Focus includes institutional acceptance, interoperability, and in-transaction checks.
MAS has not yet named specific tokens or live operation start dates.
Story
The Monetary Authority of Singapore (MAS) announced on October 23, 2026, that Malaysia's and Thailand's central banks have joined BLOOM as policymaker members, expanding the program to three central bank participants. BLOOM aims to enable banks and payment firms to settle cross-border deals using regulated stablecoins and tokenized deposits. The joint work will focus on institutional acceptance and settlement of digital money, interoperability between token networks, and in-transaction checks like sanctions screening. While Ripple's RLUSD was publicly named in a BLOOM pilot in March, MAS's latest release does not name any specific stablecoin, tokenized deposit product, payment corridor, or start date, and states nothing under BLOOM is live. The expansion of BLOOM with additional central bank participation signals a strong regional commitment to exploring and developing frameworks for cross-border digital money. This collaborative effort could pave the way for more efficient and regulated digital financial transactions.
Issue context
The crypto market shows a slight downturn, while attention shifts to new forms of market participation and institutional adoption. Prediction markets recorded a record $2.7 billion in volume in a single week, driven by short-term Bitcoin bets. This indicates a growing appetite for speculative, short-term exposure, even as spot trading volumes decline. Concurrently, the tokenization of traditional assets is advancing, exemplified by Franklin Templeton's transfer of $150 million in fund shares to the XRP Ledger. These developments underscore a diversification of crypto market activities, moving beyond pure spot trading towards derivative products and the integration of blockchain technology into traditional finance. The U.S. Securities and Exchange Commission (SEC) has named tokenized securities and 'super intelligence' as examination priorities for fiscal year 2027, signaling increased regulatory scrutiny of these emerging areas. These dynamics are shaping the future landscape of digital finance.
Current market movements indicate a shift towards more speculative, short-term engagements, particularly in Bitcoin derivatives. Concurrently, institutional moves towards tokenization and increased regulatory scrutiny signal a maturing market. Be aware of potential impacts from exchange inflows in altcoins like Shiba Inu, which could suggest increased selling pressure. Your risk tolerance should account for these developments.
Market pulse
Fear & Greed
51
Neutral
BTC Funding
+0.0054%
20 perp markets · Open Interest $53.5B
BTC Open Interest
$53.5B
24h volume $51B · basis +0.049%
ETH Funding
+0.0062%
20 perp markets · Open Interest $35.6B
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This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.