Overview
- Ripple said it is participating in the Monetary Authority of Singapore’s BLOOM sandbox with supply-chain firm Unloq to test automated cross-border trade payments using its RLUSD stablecoin.
- Payments would release only after shipment verification or other preset checks, replacing manual reviews and documentary credits that slow trade finance.
- Unloq’s SC+ software will bundle trade obligations and conditions into one workflow, with RLUSD moving funds on the XRP Ledger once criteria are met.
- MAS built BLOOM to explore tokenized bank money and regulated stablecoins, underscoring Singapore’s role as a controlled test bed for institutional digital-asset infrastructure.
- Ripple casts the pilot as part of a broader institutional push that includes expanding its stablecoin platform and securing an Australian financial services license, with results from the sandbox still to come.