Monetary Authority of Singapore turns BLOOM into the settlement leg of Project Guardian

MAS’s 3 December 2025 speech clarifies an ambiguity that still existed after the October BLOOM launch.

MAS’s 3 December 2025 speech clarifies an ambiguity that still existed after the October BLOOM launch.

By calling BLOOM the settlement equivalent of Project Guardian, MAS made clear that Singapore’s tokenisation agenda is being split into an asset-commercialisation lane and a settlement-assets lane.

That reading is reinforced by prior official releases on common settlement facilities, BLOOM’s network-coordination role, and live wholesale-CBDC settlement testing.

The December 2025 speech makes explicit that MAS wants Singapore’s tokenised-finance market to scale with supervised settlement assets and interoperable networks, not with asset tokenisation alone.