Singapore’s MAS Launches BLOOM to Drive $100B Tokenized Finance Revolution
The Monetary Authority of Singapore(MAS) is taking a huge leap towards transforming the world of finance by launching BLOOM...
Quick overview
- The Monetary Authority of Singapore (MAS) has launched BLOOM, an initiative aimed at enhancing the efficiency and reliability of digital asset transactions globally.
- BLOOM seeks to standardize the use of tokenized bank liabilities and regulated stablecoins, addressing longstanding industry challenges like compliance and cross-border transaction delays.
- MAS has partnered with major industry players to ensure smooth implementation and aims to position Singapore as a leading hub for digital finance.
- The initiative builds on insights from Project Orchid and reflects MAS's commitment to fostering innovation while maintaining regulatory oversight.
The Monetary Authority of Singapore(MAS) is taking a huge leap towards transforming the world of finance by launching BLOOM – Borderless, Liquid, Open, Online, Multi-currency. This forward-thinking initiative is a major step in expanding the settlement of tokenised bank liabilities and regulated stablecoins, and making digital asset transactions much more efficient and reliable worldwide.
Officially announced on 16th October BLOOM is the latest move in a long series of moves by Singapore to take the lead in the rapidly growing market that is tokenised finance – Analysts expect this sector to be worth over $100 billion by 2030, and here Singapore is once again leading the way. The focus with BLOOM is simple – to create a standardised system that ensures that digital asset transactions are not only fast but also safe.
BLOOM is the next step on from Project Orchid a 2021 MAS initiative that was designed to see how a digital version of the Singapore dollar would work in the real world. Over 10 trials with industry partners gave them the insights they needed to see how this could be made to work, and it’s these insights that are being built into the BLOOM framework, which is already making progress with market-ready digital solutions.
MAS wants to increase the use of tokenised financial assets and stablecoins not just in Singapore but all around the world with BLOOM. And the initiative wants to try and resolve some of the longstanding problems in the industry, like compliance being a headache and cross border transactions taking ages.
$VELO : Interesting..
Lightnet announces #USDV listing on BNB chain on the SAME DAY the MAS launches initiative BLOOM to extend Settlement Capabilities 🇸🇬
The interesting part is that Lightnet is based in Singapore, and BLOOM is focusing on regulated stablecoins 😏 » #USDV.. https://t.co/KZ4FW2fejg pic.twitter.com/IFfgFJrJDN
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) October 16, 2025
Some of the main objectives that MAS has is to:
- Get everyone using tokenised assets in the same way all around the world when it comes to payment systems.
- Make sure that banks, fintechs and stablecoin issuers can all work together easily.
- Make it possible for people to make transactions cheaper by having shared settlement systems.
- Make sure that the risk in these transactions is clear and that regulatory standards are well understood.
Industry collaboration and Global Impact
MAS has partnered with some big names in the industry, including Circle, DBS, OCBC, Partior, Stripe and UOB to get BLOOM off the ground. The aim is to get compliance sorted, streamline liquidity management and make it possible for people to make money from cross-border settlements without it costing the earth.
According to Kenneth Gay Chief FinTech Officer at MAS ” BLOOM is going to open up new options for people looking to make digital asset transactions and is going to fit in really well with other initiatives that we have going on in Singapore like Project Guardian and Global Layer One – all of these initiatives are putting Singapore in a great place as a hub for digital finance”
Late last year MAS decided to put the implementation of the Basel committee crypto regulations back by a year to 2027, which basically means they’re taking a more thoughtful approach, letting innovation happen without losing sight of the need for oversight.
By launching BLOOM Singapore is showing it’s forward thinking but also reinforcing its role as the go to place for all things finance and tech – laying the foundation for a world wide transition to tokenised finance, and making it possible for more people to get involved in the financial system.
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