Participation announced: 23 October 2026. Coverage reviewed: 4 November 2026.
Bank Negara Malaysia and the Bank of Thailand joined the Monetary Authority of Singapore's BLOOM initiative as policymaker members. MAS announced the expansion on 23 October, alongside new industry participants including Maybank, Mastercard, Ripple, ShopeePay and Visa. MAS's official announcement.
What the collaboration covers
BLOOM brings policymakers and industry together to develop common approaches for digital money across institutions, networks and jurisdictions. Its three focus areas are acceptance and settlement across borders, interoperability between digital-money arrangements, and programmable controls such as identity checks, sanctions screening and transaction controls. Tokenised deposits and regulated stablecoins are among the use cases. MAS, 23 October.
This is participation in infrastructure and policy development. It does not establish that a new cross-border payment service is available to the public, or approve a particular stablecoin for Malaysian retail use.
For Malaysia, the collaboration adds a regional dimension to domestic work on tokenised securities infrastructure and institutional fund settlement.
Reference
- Monetary Authority of Singapore — MAS, BNM and BOT partner with industry through BLOOM, 23 October 2026.