Ripple has started testing its RLUSD stablecoin in a regulatory sandbox run by the Monetary Authority of Singapore, using the setup to automate trade finance payments. The pilot is part of MAS’s BLOOM initiative and includes supply chain firm Unloq. The goal is simple: once shipment conditions are verified, payment can be executed automatically instead of waiting on manual review and layers of banking intermediaries.
RLUSD enters a controlled institutional testing environment
Ripple said it is participating in BLOOM, a program led by the Monetary Authority of Singapore that focuses on tokenized bank liabilities and regulated stablecoins. In this case, RLUSD is being tested inside a supervised framework built for institutional use. The company’s focus is not retail payments, but whether a stablecoin can support settlement inside regulated financial workflows.
Unloq’s SC+ platform connects with the XRP Ledger
For the trial, Ripple partnered with Unloq to link the company’s SC+ platform to the XRP Ledger. The setup combines trade obligations, settlement conditions, and financing workflows in one execution layer. That changes the payment process in a practical way. Instead of moving through separate systems and approval chains, funds can be released once predefined conditions are met. Unloq handles trade documents and contract terms, while RLUSD is used for the actual on-chain transfer of value.
Manual checks and banking delays are the main target
The pilot is aimed at a long-standing problem in trade finance. Traditional transactions often rely on manual verification and multiple banking intermediaries, which can stretch settlement times to days or even weeks. The RLUSD-based model is designed to remove that lag. After shipment verification takes place, the platform releases payment instantly. The test is built around execution logic and settlement timing, not just a demonstration of token use.
Part of Ripple’s broader institutional stablecoin push
The Singapore sandbox move follows two recent Ripple announcements. The company expanded Ripple Payments into a broader stablecoin infrastructure platform, and it also obtained an Australian financial services license through an acquisition. Entry into a central bank-backed sandbox adds another regulated layer to that strategy, giving Ripple a live environment to test stablecoin use in enterprise finance and cross-border settlement.