TechFlow news, October 16 — According to an official announcement, the Monetary Authority of Singapore (MAS) on October 16, 2025, announced the launch of the BLOOM (Borderless, Liquid, Open, Online, Multi-currency) initiative, aimed at expanding settlement capabilities for financial institutions. The initiative will support the settlement of tokenized bank liabilities and regulated stablecoins, while effectively managing digital asset risks.
BLOOM is built on Project Orchid and covers multi-currency payments across G10 and Asian currencies, cross-border settlements, and wholesale use cases. Founding partners including Circle, DBS, and OCBC will jointly address industry challenges such as settlement asset allocation, compliance automation, and AI agent-based payments, driving a new wave of financial innovation.
