TLDR:
- Ripple joins MAS’s BLOOM initiative to pilot RLUSD stablecoin for programmable cross-border trade settlements.
- Unloq’s SC+ platform triggers automatic RLUSD payments on the XRP Ledger once shipment is verified.
- The BLOOM pilot targets trade finance inefficiencies that slow down payments for small and medium enterprises.
- RLUSD surpasses $1 billion in market cap as Ripple expands its regulated presence in Singapore’s financial hub.
Ripple has joined the Monetary Authority of Singapore’s BLOOM initiative as of March 25, 2026. The company is piloting its RLUSD stablecoin through a partnership with supply chain platform Unloq.
Together, they aim to automate cross-border trade settlements using the XRP Ledger. The project targets structural inefficiencies that slow down trade payments, particularly for small and medium enterprises relying on traditional banking processes.
Ripple and Unloq Target Trade Finance Inefficiencies
BLOOM stands for Borderless, Liquid, Open, Online, Multi-currency. MAS designed it to extend settlement capabilities using tokenized bank liabilities and regulated stablecoins. Ripple’s participation places it at the center of Singapore’s push toward programmable settlement infrastructure.
Unloq brings its SC+ platform to the partnership, which bundles trade obligations and financing workflows into one execution layer.
Payments are released only when predefined commercial conditions are met. Shipment verification is one such trigger built into the system.
Fiona Murray, Managing Director, Asia Pacific at Ripple, spoke directly to Singapore’s role in enabling this work. She stated, “Singapore continues to take a leading role globally in providing the regulatory clarity necessary for the digital asset space to thrive.”
Murray added that Ripple is “incredibly excited to be part of BLOOM,” describing it as perfectly aligned with the company’s commitment to compliant, real-world blockchain utility.
The SC+ solution uses smart contracts on the XRP Ledger to execute conditional payments automatically. Once shipment is confirmed, the system settles transactions without manual intervention. This removes the delays typically associated with traditional banking processes in international trade.
RLUSD Brings Automated Settlement to Cross-Border Trade
RLUSD is Ripple’s enterprise-grade stablecoin, now surpassing $1 billion in market capitalization. Its role in the BLOOM pilot centers on triggering automatic payments once trade milestones are verified. This removes the manual banking steps that typically slow down international transactions.
Letitia Chau, President and Chief Risk Officer of Unloq, outlined what the initiative represents for trade infrastructure.
She said, “BLOOM represents an important step toward modernising trade finance infrastructure in a controlled and regulated environment.”
Chau further noted that SC+ demonstrates how digital settlement rails can integrate into existing workflows without disrupting commercial relationships.
Ripple holds a payments license in Singapore, giving it a regulated foundation to operate within the sandbox. The country has positioned itself as a leading crypto hub, attracting blockchain firms through clear and consistent policy frameworks. This pilot builds on that established relationship between Ripple and Singapore’s financial authorities.
The BLOOM initiative reflects a broader trend of central banks exploring programmable money for trade applications.
By testing real-world use cases in a controlled environment, MAS gathers data to inform future infrastructure decisions.
Ripple and Unloq’s collaboration offers one possible model for how regulated stablecoins can modernize global commerce.
The post Ripple Joins MAS BLOOM Initiative to Test RLUSD Stablecoin for Cross-Border Trade Settlements appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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