Ripple is advancing its XRP-based settlement ambitions by integrating the XRP Ledger (XRPL) and Ripple USD (RLUSD) into the Monetary Authority of Singapore's (MAS) BLOOM initiative, accelerating institutional adoption of tokenized payments and programmable finance in global trade and cross-border systems.
Ripple Joins Singapore Central Bank's Tokenized Settlement Program
On July 9, 2026, Ripple announced its participation in MAS's BLOOM initiative, which was detailed in October 2025 as a continuation of Project Orchid that explored a digital Singapore dollar and its support infrastructure. BLOOM aims to expand the use of tokenized commercial bank money and compliant stablecoins in G10 and Asian currencies, covering domestic and international payments, trade finance, corporate treasury, and agency transactions.
Ripple's involvement includes a pilot project with supply chain finance company Unloq, focusing on trade settlement execution through integrated workflows and conditional payment triggers. The company explained: "The solution leverages Ripple's institutional-grade infrastructure, the XRP Ledger (XRPL), and Ripple USD (RLUSD) — a trusted, enterprise-grade stablecoin designed for corporate use cases."
Programmable Payments and Blockchain Infrastructure Expansion
Through BLOOM, MAS coordinates industry efforts in settlement asset distribution and compensation, standardized compliance automation, and AI-driven payment execution within predefined parameters. Initial participants include Anchorage Digital, Ant International, Circle, Coinbase, DBS, J.P. Morgan, Kasikorn Bank, OCBC, Partior, Schroders, Standard Chartered, Straitsx, Stripe, Temasek, UOB, and Xweave, along with entities exploring public blockchain-based testing.
Unloq's SC+ platform underpins the framework by combining trade obligations, settlement logic, and financing processes into a unified execution layer operating on blockchain infrastructure. The system automatically releases payment once contractual conditions are met, maintaining interoperability with existing financial processes. Fiona Murray, Ripple's Managing Director for Asia-Pacific, stated: "Singapore continues to take a global leadership role by providing the regulatory clarity needed for the digital asset space to thrive."
RLUSD and XRPL in Action for Trade Finance
Ripple noted: "Built on the XRP Ledger, the SC+ solution — Unloq's smart contract-driven trade finance platform — uses RLUSD to automatically trigger payments the moment shipment is verified." This automation eliminates manual reconciliation and delays, making global trade faster and more transparent.
Letitia Chau, President and Chief Risk Officer of Unloq, emphasized: "BLOOM represents an important step in modernizing trade finance infrastructure in a controlled, regulated environment." The pilot operates under MAS's regulatory oversight, aiming to test scalable infrastructure for future financial networks.
Strategic Implications and Institutional Adoption
Ripple's entry into BLOOM signals deeper institutional adoption of XRPL and RLUSD within regulated financial systems. By combining stablecoin technology with programmable settlement, traditional cross-border payments and trade finance could undergo a more efficient and compliant transformation.
Industry observers view MAS's BLOOM initiative as a policy sandbox for blockchain enterprises, and Ripple's participation is expected to accelerate the deployment of its institutional products in Asia-Pacific. As more banks and fintech firms join, tokenized settlements may move from pilot to mainstream.