The reports say Bank Negara Malaysia and the Bank of Thailand joined Singapore’s BLOOM initiative to advance cross-border settlement using digital money, including stablecoins and tokenised deposits. MAS’s announcement page is unavailable, and the available sources do not name what BLOOM stands for or explain the initiative’s specific design and objectives.

BLOOMOct 23, 2026, 13:29 UTC

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BLOOM

Answered Oct 23, 2026, 13:29 UTC

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The supplied posts report that Bank Negara Malaysia and the Bank of Thailand joined Singapore’s BLOOM initiative for cross-border payments using stablecoins and tokenised deposits. I’m checking MAS’s announcement for the initiative’s design and stated purpose.
The supplied reports say Bank Negara Malaysia and the Bank of Thailand joined Singapore’s BLOOM initiative for cross-border payments involving stablecoins and tokenised deposits. MAS’s announcement page is unavailable, and I could not verify what BLOOM stands for or the initiative’s specific design and objectives from another source.