Ripple has joined the Monetary Authority of Singapore’s BLOOM initiative with Unloq to test programmable cross-border trade settlement using the XRP Ledger and Ripple USD.
The pilot integrates Unloq’s smart contract-based trade finance infrastructure with Ripple’s blockchain and stablecoin to automate settlement conditions and payment flows.
The system will use RLUSD and tokenised bank liabilities, with payments triggered once predefined commercial conditions are met.
The initiative is part of MAS’s broader push to expand tokenisation through its BLOOM framework, which focuses on improving liquidity and settlement across multiple currencies.
Ripple’s participation follows the expansion of its Singapore licence in December 2025, allowing broader payment activities through its regional entity.
Singapore has been accelerating tokenisation efforts, including plans to issue tokenised central bank instruments and updated guidance on digital token offerings under its securities laws.
The pilot aims to improve visibility into settlement risk and expand trade finance access for smaller businesses through more efficient blockchain-based systems.
At the time of reporting, XRP price was $1.40.