Bank Negara Malaysia and Bank of Thailand have joined BLOOM, an initiative launched by the Monetary Authority of Singapore on October 16, 2025, to standardize cross-border payments using stablecoins and tokenized deposits. The project also involves Circle, DBS, Stripe and the World Bank Group, and focuses on international trade and corporate treasury operations. BLOOM plans to introduce programmable compliance controls, standardized risk management and greater interoperability between payment systems to reduce settlement costs. The two central banks’ participation, announced on October 23, 2026, gives them a role in shaping the standards but does not mean that live services will begin immediately.
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