UOB

Bank Negara Malaysia and Bank of Thailand join MAS-led BLOOM initiative on cross-border settlement in digital money

MAS announced on 23 October 2026 that Bank Negara Malaysia and the Bank of Thailand have joined BLOOM (Borderless, Liquid, Open, Online, Multi-currency) as policymaker members, to develop common approaches for the cross-border use of digital money, including tokenised deposits and regulated stablecoins. Participation also expanded to Airwallex, Mastercard, Maybank, Monee, Nium, Ripple, ShopeePay, Visa and the World Bank Group, alongside existing participants including DBS, J.P. Morgan, Kasikornbank, OCBC, Standard Chartered and UOB. Work will focus on acceptance and settlement across jurisdictions, interoperability across digital money arrangements, and programmable controls such as identity verification, sanctions screening and transaction controls.

Monetary Authority of Singapore

DBS, OCBC and UOB complete first live Singapore dollar tokenised deposit transactions on Swift's ledger

OCBC said on 10 September 2026 that DBS, OCBC and UOB have completed live domestic Singapore dollar transactions using tokenised deposits on Swift's blockchain-based ledger, the first time the three Singapore banks have executed live interbank transactions using tokenised deposits. The release says the transactions follow Swift's July 2026 announcement that its ledger was ready for initial use, with 17 banks across six continents preparing live tokenised-deposit transactions. OCBC also referred to its own live USD cross-border transaction on the ledger, and UOB said it had expanded from Hong Kong dollar to Singapore dollar and US dollar transactions beyond traditional banking hours.

OCBC