Ripple Joins Singapore BLOOM for RLUSD Trade Pilot

Ripple, a financial technology company, has joined the Monetary Authority of Singapore's BLOOM initiative to pilot automated cross-border trade settlements using its RLUSD stablecoin, the company announced this week. The project, in partnership with supply chain finance firm Unloq, aims to streamline international trade payments on the XRP Ledger by releasing funds automatically upon verification of commercial conditions, such as shipment confirmations.

The BLOOM program, which stands for Borderless, Liquid, Open, Online, Multicurrency, was launched by Singapore's central bank in October 2025 to test settlement systems incorporating tokenized bank liabilities and regulated stablecoins. Ripple's participation marks its latest effort to integrate blockchain technology into traditional finance, building on an expanded payment license granted to its Singapore subsidiary in December 2025. The pilot leverages Unloq's SC platform, which combines trade obligations, financing workflows, and settlement conditions into a unified system. Once predefined triggers are met through on-chain verification, RLUSD facilitates instant payments, eliminating the manual reconciliation and multi-day...