- MAS oversight of Singapore's financial stability and digital assets
- MAS is advancing institutional experimentation around tokenized finance while Luna PR expands its footprint in Singapore and Hong Kong.
DBS, Airwallex, and Mastercard Join Singapore's BLOOM Initiative
What happened
DBS, Airwallex, and Mastercard joined the BLOOM initiative on October 29, 2026. BLOOM is a public-private initiative launched by the Monetary Authority of Singapore to help financial institutions use stablecoins and tokenized deposits for cross-border payments. Policymaker members of the initiative include Bank Negara Malaysia and the Bank of Thailand. A survey conducted by DBS found that nearly 90% of 422 global businesses are either adopting or are interested in adopting tokenized cash.
From cointelegraph.com
Why it matters
The expansion of BLOOM validates the Monetary Authority of Singapore's regulatory framework for digital assets. The initiative aims to facilitate the use of stablecoins and tokenized deposits for cross-border payments. This regulatory movement occurs as South Korean officials reportedly weighed delaying their crypto income tax policy until 2029.
The Monetary Authority of Singapore is advancing institutional experimentation around tokenized finance within Singapore's financial system.
From cointelegraph.com
Who's involved
- DBSJoined the BLOOM initiative
- AirwallexJoined the BLOOM initiative
- MastercardJoined the BLOOM initiative
- Monetary Authority of SingaporeLaunched the BLOOM initiative
- Bank of ThailandJoined BLOOM as a policymaker member
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Singapore's stablecoin regulation may change how Circle operatesStablecoin issuers like Circle may face new compliance requirements as Singapore formalizes tokenized cash use.Possible
- Stablecoin regulation in Singapore may benefit Coinbase's institutional growthInstitutional push for stablecoin standards may boost Coinbase's market position.Possible
- Bank of Thailand may adapt digital payment rules via BLOOM initiativeThe Bank of Thailand may adapt digital payment rules via BLOOM initiativePossible
Keep exploring
The entities involved
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DBS
German progamer
Nothing else this week.
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Monetary Authority of Singapore
registration authority
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Mastercard
American multinational financial services corporation