The Monetary Authority of Singapore announced on 23 October 2026 that Bank Negara Malaysia and the Bank of Thailand had joined the BLOOM initiative as policymaker members. The three authorities will work with banks, payments networks and technology companies on interoperability, cross-border acceptance and settlement involving digital money, including tokenised deposits and regulated stablecoins. New industry participants include Mastercard, Ripple and Visa, alongside the World BankWorld Bank refers to the World Bank, a global financial institution established in 1944, plays a critical role in the economic development and poverty reduction efforts of devel...Read More Group. The announcement concerns policy collaboration and implementation frameworks, not a completed cross-border settlement deployment or a new retail Central bankThe institution that sets monetary policy for a country or currency area, including interest-rate decisions that can move currencies.Read More digital CurrencyDefinition A currency is a form of money used to pay for goods and services, measure value, and transfer purchasing power between people and businesses. Examples include t...Read More launch.
Malaysia and Thailand have reportedly joined Singapore's BLOOM cross-border digital settlement initiative, aimed at improving payment efficiency and financial connectivity across Southeast Asia. The collaboration could SupportAn area where buyers have previously absorbed enough selling to slow or reverse a fall. It is a zone of interest, not an invisible floor.Read More faster transactions, lower settlement costs and greater interoperability between financial systems. MarketA place—physical or digital—where buyers and sellers meet and agree on a price. Lix’s simple rule: no buyers and sellers, no market.Read More participants are monitoring its potential impact on regional trade, digital finance adoption and cross-border payment infrastructure.
