BLOOM

Definition

MAS initiative for tokenized-liability settlement capabilities.

What it means

MAS's settlement initiative for tokenized bank liabilities and well-regulated stablecoins, meant to extend Singapore's institutional settlement capabilities beyond pilot tokenization work.

Where it appears

Research notes

Monetary Authority of Singapore turns BLOOM into the settlement leg of Project Guardian: Research note
DBS and Kinexys by J.P. Morgan make interbank tokenised deposit transfers the next operational test: Research note