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

Read the item · published 2026-10-23

Evidence

Confidence
High Primary source (regulator / official record); quote string-matched against the live page.
Quote verified
2026-10-23 17:36 UTC
Archived snapshot
SHA-256 bcf001aec3e311d6669ed6b17a30c15fe965237c32472dfc6f811fff3f7d77f4 · fetched 2026-10-23 · Wayback Machine copy ↗
Saved excerpt around the quote (source text, 2026-10-23)
… institutions, networks and jurisdictions. 2 BLOOM is a public-private initiative that brings together policymakers, financial institutions, payment networks and technology providers to advance the use of digital money in cross-border financial activity. As financial institutions and jurisdictions develop different digital money use cases, including for tokenised deposits and regulated stablecoins, greater coordination will be important to support its effective use across borders. 3 The BLOOM initiative therefore aims to deepen engagement between policymakers and the industry on settlement infrastructure and frameworks that promote interoperability for cross-border digital money transactions. It will include how relevant inte …
Change log (1)
  1. 2026-10-23 Newsroom 2026-10-23 eve: +MAS/BNM/BOT BLOOM cross-border digital money (Tier 1, MAS media release); bank-negara-malaysia, bank-of-thailand entities; verify snap (b20c97d)

Verified quotes

  • “As financial institutions and jurisdictions develop different digital money use cases, including for tokenised deposits and regulated stablecoins, greater coordination will be important to support its effective use across borders.”
  • “Through BLOOM, MAS, BNM and BOT will partner industry players across their respective jurisdictions to develop common approaches for the cross-border use of digital money, including how different forms of digital money can be accepted, exchanged and settled across institutions, networks and jurisdictions.”
  • “Through the development of implementation frameworks and alignment of commercial and operating arrangements, BLOOM will reduce the need for financial institutions to establish separate arrangements with each counterparty or market, lowering implementation cost and improving time to market.”
  • “The Bank of Thailand welcomes the opportunity to collaborate with the Monetary Authority of Singapore on BLOOM to help inform forward-looking regulatory approaches for tokenised money, particularly in cross-border payments and wholesale settlement.”

String-matched against https://www.mas.gov.sg/news/media-releases/2026/mas-bnm-and-bot-partner-with-industry-to-advance-cross-border-settlement-in-digital-money by scripts/verify.mjs before every deploy.

AI-drafted from the primary source; quote string-matched by scripts/verify.mjs · AI-assisted